Clearwire Says Shareholder Vote Will Happen In Mid-November; Wants FCC To Approve Transaction Soon

Clearwire’s (NSDQ: CLWR) CEO Ben Wolff announced what the senior staff appointments will be of the new Clearwire, following its merger with Sprint (NYSE: S) Nextel’s WiMax division, and provided an update on the merger and when they expect the FCC to approve the transaction in an email sent to employees. The full text can be found in a SEC document filed today. Clearwire and Sprint Nextel are in limbo as they wait to receive FCC approval on the merger between the two company’s WiMax operations. Following the transaction, the company will raise $3.2 billion of capital from Google (NSDQ: GOOG), Comcast (NSDQ: CMCSA), Time Warner (NYSE: TWX) Cable and Bright House Networks. Woff wrote: “Clearly the infusion of $3.2 billion of capital together with the tremendous talent, resources and benefits to our combined organization brought through the relationships with our new strategic partners puts us in great shape for moving forward with our game changing business, notwithstanding the current turmoil in the financial markets.”

On shareholder approval: Wolff: “Last week we filed the second amendment to the Clearwire Proxy Statement with the SEC. We expect to be able to mail the Proxy shortly and hold the shareholder vote in mid-November.”

On FCC approval: Wolff wrote: “you may have seen Chairman Martin