Home  ›  News  ›

Clearwire Will Access $80 Million in Sprint Financing

Article Comments  

Feb 27, 2013, 3:32 PM   by Eric M. Zeman   @phonescooper

Clearwire today indicated that it will tap into $80 million in financing made available by Sprint. The $80 million option was put in place as part of Sprint's plan to acquire the portion of Clearwire that it doesn't already own. Clearwire, which is transitioning from WiMax to LTE, needs the financing to continue operations. Clearwire can tap into an $80 million round once per month between now and October. The move complicates a separate acquisition offer from Dish Network, which wants to buy all of Clearwire, including the portions owned by Sprint. Dish indicated last month that it would likely withdraw its proposal if Clearwire accessed any of Sprint's financing. Dish has yet to respond formally to Clearwire's move.

more info at Wall Street Journal »

more news about:




This forum is closed.

This forum is closed.

No messages

Page  1  of 1

Subscribe to Phone Scoop News with RSS Follow @phonescoop on Twitter Phone Scoop on Facebook Subscribe to Phone Scoop on YouTube Follow on Instagram


All content Copyright 2001-2018 Phone Factor, LLC. All Rights Reserved.
Content on this site may not be copied or republished without formal permission.