Comcast, Time Warner Cable in Wireless Talks

COMCAST, TIME WARNER CABLE IN WIRELESS TALKS
According to unnamed sources, the two biggest U.S. cable providers, Comcast Corp. and Time Warner Cable Inc., are discussing a plan to provide funding for a new wireless company that would be operated by Sprint Nextel Corp. and Clearwire Corp. The partnership would create a nationwide wireless network using WiMax technology, which is designed to provide high-speed Web access from laptops, cellphones and other mobile devices, as well as high-quality mobile video. Sprint and Clearwire have been working for months to cooperate on a WiMax rollout and are now trying to raise at least $3 billion for a joint venture. Under the plan the parties are reviewing, Comcast -- the largest cable operator with 24 million subscribers -- would put as much as $1 billion into the venture, with No. 2 operator Time Warner Cable adding $500 million. The sixth-biggest cable operator, Bright House Networks, is also involved in the talks and would contribute between $100 million and $200 million.
http://online.wsj.com/article/SB120648766842863793.html?mod=todays_us_marketplace
(requires subscription)
* Cable Companies In Talks to Fund WiMax Network
http://www.washingtonpost.com/wp-dyn/content/article/2008/03/25/AR2008032502987.html
* Cable companies discuss funding wireless venture
http://www.reuters.com/article/internetNews/idUSN2528498320080326