John Stanton Named Chairman Of Clearwire
The Clearwire board of directors has made John Stanton the chairman of the company. Stanton will be replacing Clearwire founder Craig McCaw, who resigned last month. McCaw had founded Clearwire and later became the chairman. Clearwire was formed through investments from Sprint Nextel, Google, Comcast, and other companies.
Stanton is the former managing director of Trilogy International Partners. Stanton has been on the Clearwire board since 2008 and he used to be the chairman and CEO of Western Wireless between 1992 until 2005. Western Wireless was eventually acquired by Alltel. Ben Wolff replaced McCaw temporarily.
Clearwire was the first company in the U.S. to build 4G high-speed mobile technology. But now they are facing stiff competition from Verizon and AT&T. Clearwire has enough radio spectrum for delivering 4G service, but they are struggling to raise enough capital to expand their network.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry