Business Week: Craig McCaw's Secret Plan

[David Farber <dave () farber net>]

-------- 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 the
> moneymaking potential of the public airwaves. His father, J. Elroy 
> McCaw,
> built one of the first rock 'n' roll radio stations in the country, New
> York'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 
> New
> York bank to deposit the multimillion-dollar check from the deal. Years
> later, Craig scooped up licenses for radio spectrum and cobbled 
> together
> the 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 quietly
> making wireless investments that could be the start of a new empire 
> that
> once again upsets the balance of power in the telecom industry. In 
> March
> he acquired Clearwire Holdings Inc., a Texas company that provides
> wireless broadband service in Jacksonville, Fla., and holds the 
> exclusive
> rights to radio spectrum in about 100 other U.S. cities. In April he
> snapped up NextNet Wireless Inc., a Minneapolis startup that makes gear
> for 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 
> keynote
> speaker 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


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