Sprint, partners to invest $1.5 billion more into Clearwire

The Wall Street Journal is reporting that Sprint and partners are planning to invest an additional $1.5 billion into Clearwire and its 4G WiMAX network.

Majority stakeholder Sprint will take the reigns on the deal, investing $1 billion, while Comcast, Intel, Time Warner, Bright House Networks, and others will provide $500 million. Google, an original and key investor in Clearwire, will not be involved in this round of funding, the publication reports.

Clearwire is in the process of rolling out its Clear-branded 4G mobile broadband network across the United States. In late October, Clearwire, Comcast, and Sprint announced plans to launch service using the network in Philadelphia, Chicago, Seattle, Texas, North Carolina, and Hawaii before the end of the year, as we reported. [via mocoNews]