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Last updated on April 18, 2014 at 10:25 EDT

Latest Benjamin Wolff Stories

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2008-12-02 08:15:00

The credit crunch is slowing down a high-speed WiMax wireless network backed by Clearwire Corp, according to Chief Executive Benjamin Wolff. The company received 3.2 billion from Intel Corp, Comcast, Time Warner Cable Inc, and Google Inc, but Clearwire still needs another $2 billion or more to build its network. Clearwire shares rose 15 percent in Monday's trading, after the firm finished its venture deal with Sprint Nextel and other partners on Friday. However, credit markets have...