The New Wireless Wars

Uncle Sam's spectrum auction opens the door for small fry like Craig McCaw's Clearwire, reversing a trend to consolidation

On May 11, 2006, a low-profile company called Clearwire Corp., headed by wireless pioneer Craig O. McCaw, filed with the Securities & Exchange Commission to go public. The initial public offering is expected to raise $400 million, and, in its filing, the company says it will use the proceeds to expand its network for offering wireless broadband services.

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