Craig McCaw’s Clearwire Corp has bought spectrum from CT Communications, a Concord, NC-based company for about $16 million. CT owns a small phone company, Concord Telephone, and had been granted the licenses for these frequencies and started a subsidiary called WaveTel in 2001. The business was shut down in 2002. Clearwire has been uisng its properitary technology to offer service in four cities, and recently started trials in some parts of Southern Oregon. Clearwire has raised more than $300 million in funding from the likes of Intel and Bell Canada.