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- Clearwire
Clearwire Funding, Investors & Competitors
Clearwire has raised $3.3B across 2 funding rounds, most recently a $80M undisclosed-stage round in February 2013.
Last Clearwire funding round
$80M
Undisclosed stage · Feb 2013
Cumulative funding Clearwire raised
$3.3B
across 2 funding rounds
Key investors in Clearwire
Alphabet
Sprint
About Clearwire
Clearwire delivers wireless high-speed Internet access using WiMAX spectrum across 50 U.S. markets and parts of Europe. Customers connect portable devices without fixed lines via licensed 2.5 GHz and 2.6 GHz bands for download speeds up to 6 Mbps. Headquartered in Kirkland, Washington, the company launched commercial service in Portland in 2007, expanding to cities like Albuquerque and Milwaukee. Sprint acquired Clearwire in 2010, integrating its spectrum into 4G LTE networks serving mobile broadband subscribers nationwide.
Founded
1998
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Subscription
Sectors
Clearwire Funding History
Clearwire has raised a total of $3.3B across 2 funding rounds.
Clearwire's first fundraising round was a $3.2B strategic investment round in May 2008. The most recent completed round was a $80M undisclosed-stage round in February 2013.
Clearwire funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Feb 2013 | Undisclosed stage | Sprint (lead) | $80M | Clearwire Corporation, a Bellevue-based wireless provider focused on 4G LTE services using its 2.5 GHz spectrum holdings, faced a substantial funding gap requiring $2-4 billion for operations and LTE network buildout. On or around February 27, 2013, Sprint provided Clearwire with $80 million in financing as part of an up-to-$800 million commitment under financing agreements, enabling interim support amid takeover discussions. This drawdown followed delays due to competing interest from DISH Network. Sprint, holding a significant stake in Clearwire, was pursuing a full buyout, with offers referenced at $2.97 per share (implying low spectrum valuation of about $0.11 per MHz-pop) and later $2.2 billion enterprise value, later finalized in a $3.6 billion transaction affirmed by Delaware courts. Independent valuations like Dr. Wallsten's hedonic regression pegged spectrum at $0.24 per MHz-pop, aligning with market evidence and third-party bids including DISH's. Analyst reports from Evercore and Centerview projected higher equity values ($3.45-$15.50 per share) under alternative strategies like MCC, citing spectrum and network potential. Clearwire urged shareholders to approve the Sprint deal, highlighting premiums (31% over Google's 2012 sale, 117% over Time Warner's) and support from Comcast, Intel, and Bright House (26% non-Sprint voting shares). Shareholder rejection of initial offers led to bidding wars. |
| May 2008 | Strategic investment | Alphabet | $3.2B | Google committed $500 million to Clearwire in May 2008 as part of a $3.2 billion investment round that accompanied the combination of Clearwire with the wireless broadband business of Sprint. The other investors were Comcast with $1.05 billion, Intel Capital with $1.0 billion, Time Warner Cable with $550 million and Bright House Networks with $100 million. Google invested directly in Clearwire and received newly issued Clearwire Class A common stock, while the other cable and chip investors funded a limited liability company subsidiary. Google said it invested to ensure that the resulting broadband network was as open as possible, and said it would provide search and applications to the network's users. The network was planned to carry Android handsets and other devices. |
Who has invested in Clearwire?
2 investors have backed Clearwire across its funding rounds, including Alphabet and Sprint.
Lead investors include Sprint.
Clearwire Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialClearwire Competitors
Clearwire competitors include listed companies like SpaceX, China Mobile, Verizon and T-Mobile US, and private ones like Reliance Jio and Numericable.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $19B | $3.9B | $1.8T | - | ||
| Publicly listed | $158B | $55B | $230B | 1.3x | ||
| Publicly listed | $138B | $47B | $189B | 2.7x | ||
| Publicly listed | $88B | $32B | $172B | 3.0x | ||
| Private | $4.7B | $2.1B | $58B | 12.5x | ||
| Private | $1.8B | $769M | $10B | 6.8x |
Clearwire Public Comps
Clearwire is still privately-owned, but its public comps include SpaceX, China Mobile, Verizon, T-Mobile US, AT&T, Bharti Airtel, Deutsche Telekom, SoftBank Group, China Telecom and Comcast.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $19B | $3.9B | 94.9x | - | 450.5x | - | |||
| $158B | $55B | 1.2x | 1.3x | 3.6x | 3.9x | |||
| $138B | $47B | 2.7x | 2.7x | 7.9x | 7.1x | |||
| $88B | $32B | 3.2x | 3.0x | 9.0x | 7.7x | |||
| $126B | $55B | 2.6x | 2.6x | 6.1x | 6.9x | |||
| $22B | $12B | 7.0x | 6.4x | 12.9x | 11.3x | |||
| $133B | $55B | 2.4x | 2.3x | 5.9x | 5.8x | |||
| $49B | $6.5B | 5.7x | 5.4x | 43.2x | 7.5x | |||
This data is available for Pro users. Sign up to see all Clearwire competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Clearwire
| When was Clearwire founded? | Clearwire was founded in 1998. |
| Where is Clearwire headquartered? | Clearwire is headquartered in Seattle, WA, United States. |
| Is Clearwire publicly listed? | No, Clearwire is a private, VC-backed company. |
| How much funding has Clearwire raised? | Clearwire has raised $3.3B across 2 funding rounds. |
| What was Clearwire's last funding round? | Clearwire's last funding round was a $80M undisclosed-stage round in February 2013, led by Sprint. |
| Who are Clearwire's investors? | Clearwire's investors include Sprint and Alphabet. |
| Which companies are comparable to Clearwire? | Companies comparable to Clearwire include SpaceX, China Mobile, Verizon, T-Mobile US, Reliance Jio and Numericable. |
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