Clearwire Corporation (stylized as "clearw re" in the logo) is a wireless internet service provider (WISP) serving markets in the United States, Ireland, Belgium, Spain, Denmark (with Danske Telecom) and Mexico (via MVSNet). Clearwire was founded by cellular phone pioneer Craig McCaw in October 2003 and headquartered in Kirkland, Washington. Clearwire traditionally uses wireless technology, dubbed Pre-WiMax, transmitted from cell sites over licensed spectrum of 2.5-2.6 GHz in the U.S. and 3.5 GHz in Europe. On May 7, 2008, Clearwire and Sprint Nextel's wireless broadband unit Xohm announced their intent to merge, combining Sprint's 4G WiMax network (Xohm) with Clearwire's existing pre-Wimax broadband network. Sprint will own 51% of the firm, with ex-Clearwire shareholders owning 27% a consortium of Comcast, Time Warner, Intel, Google, and Bright House will invest $3.2 billion and own the balance. Clearwire and the cable companies will buy 3G mobile broadband from Sprint as MVNOs[citation needed]. Clearwire/Sprint Nextel officially launched Portland, Oregon as the first market using the new service.
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