Interesting People mailing list archives
Business Week: Craig McCaw's Secret Plan
From: David Farber <dave () farber net>
Date: Mon, 17 May 2004 10:17:43 -0400
-------- Original Message -------- Subject: [Dewayne-Net] Business Week: Craig McCaw's Secret Plan Date: Sun, 16 May 2004 13:27:06 -0700 From: Dewayne Hendricks <dewayne () warpspeed com> Reply-To: dewayne () warpspeed com To: Dewayne-Net Technology List <dewayne-net () warpspeed com>[Note: This item comes from reader Steve Stroh. The WCA conference that Steve refers to is the first week in June. DLH]
From: Steve Stroh <steve () stevestroh net> Date: May 16, 2004 1:09:09 PM PDT To: Dewayne-Net Technology List <dewayne-net () warpspeed com> Subject: Business Week: Craig McCaw's Secret Plan Business Week's May 24, 2004 issue has another wireless story: Craig McCaw's Secret Plan His deals in wireless broadband have the telecom world buzzing Ever since he was a boy growing up near Seattle, Craig O. McCaw saw themoneymaking potential of the public airwaves. His father, J. Elroy McCaw,built one of the first rock 'n' roll radio stations in the country, NewYork's WINS-AM, and netted about $20 million when he sold it in 1962. An inveterate practical joker, Elroy sent his then-12-year-old son into a NewYork bank to deposit the multimillion-dollar check from the deal. Yearslater, Craig scooped up licenses for radio spectrum and cobbled togetherthe first nationwide cellular empire, which he sold to AT&T (T ) for a neat $11.5 billion in 1994. Now, McCaw is trying to get back on the air. After losing billions on several ventures in recent years, the reclusive entrepreneur is quietlymaking wireless investments that could be the start of a new empire that once again upsets the balance of power in the telecom industry. In Marchhe acquired Clearwire Holdings Inc., a Texas company that provideswireless broadband service in Jacksonville, Fla., and holds the exclusiverights to radio spectrum in about 100 other U.S. cities. In April he snapped up NextNet Wireless Inc., a Minneapolis startup that makes gearfor delivering high-speed Internet access through the air. And on May 3,he invested $36 million in Microcell Telecommunications Inc., a Montreal-based cellular provider that plans to introduce wireless broadband throughout Canada. The rest of the story at <http://www.businessweek.com/magazine/content/04_21/b3884110_mz063.htm>Update: It was announced in the last week that McCaw will be the keynotespeaker at the upcoming WCA Conference. Thanks, Steve --- Steve Stroh Editor, FOCUS On Broadband Wireless Internet Access Co-host, Wireless Tech Radio - Live on Wed. @ 10:00 Eastern www.focusonbwia.com / www.corante.com/bwia / www.wirelesstechradio.com 425-939-0076 - steve () stevestroh net - www.stevestroh.com
Archives at: <http://Wireless.Com/Dewayne-Net> Weblog at: <http://weblog.warpspeed.com> ------------------------------------- You are subscribed as interesting-people () lists elistx com To manage your subscription, go to http://v2.listbox.com/member/?listname=ip Archives at: http://www.interesting-people.org/archives/interesting-people/
Current thread:
- Business Week: Craig McCaw's Secret Plan David Farber (May 17)