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My Profile Top News Reuters top ten news stories delivered to your inbox each day. Subscribe You are here: Home > News > Technology > Article Home Business & Finance News U.S. Politics International Technology Internet Entertainment Sports Lifestyle Oddly Enough Health Science Special Coverage Video Pictures Your View The Great Debate Blogs Weather Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters Your View Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters Google says won't give Clearwire more financing Mon Nov 9, 2009 12:42pm EST Email | Print | Share | Reprints | Single Page [-] Text [+] NEW YORK (Reuters) - Google Inc said on Monday that it could best help wireless service provider Clearwire Corp by cooperating on products and strategy rather than giving it more financial assistance. Google is among several investors in Clearwire along with majority-owner Sprint Nextel, and chip giant Intel Corp and cable providers such as Comcast Corp and Time Warner Cable In. The comment follows a report that Sprint is planning to help Clearwire narrow a funding gap with a $1 billion investment and the other partners, excluding Google, would give Clearwire another $500 million in funding. Google said that it still supports Clearwire's efforts to build a high-speed wireless network based on an emerging technology known as WiMax. "We have already made a significant financial investment, and at this point we think the best way we can continue to add value is through continued product and strategic cooperation," Google spokesman Andrew Pederson said in an email. Clearwire shares were up 35 cents, or more than 5 percent, at $6.84 on the Nasdaq, where Google stock was up $8.92 or almost 2 percent at $560.02. (Reporting by Sinead Carew and Megan Davies; Editing by Steve Orlofsky) © Thomson Reuters 2009 All rights reserved Share: Del.icio.us Digg Mixx Yahoo! Facebook LinkedIn Next Article: Russia fires police YouTube whistleblower Also On Reuters Full Coverage: The Route to Recovery Blog: Is Goldman Sachs "doing God's work"? Full Coverage: Live blogging of the Berlin Wall anniversary More Technology News "Call of Duty" game shoots to make history Google buys mobile ad firm for $750 million RIM to help app developers use ads, micropayments Nokia to replace 14 million phone chargers Parties in Google books deal need more time More Technology News... More News Stocks jump on increased risk appetite 4:05pm EST Sprint Nextel to invest more in Clearwire: WSJ 7:50am EST U.S. stock futures point to gains after G20 5:24am EST Sprint plans dozens of layoffs in wholesale business Tuesday, 3 Nov 2009 02:41pm EST Intel assures Clearwire on investment info: report Friday, 23 Oct 2009 05:33am EDT Editor's Choice Slideshow A selection of our best photos from the past 24 hours. 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