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Clearwire Shopping Spectrum to Raise Funds

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Oct 12, 2010, 9:14 PM   by Eric M. Zeman

According to unnamed sources cited by Bloomberg, Clearwire is attempting to auction off some of its surplus spectrum in order to raise the funds necessary to continue operations. Sources with knowledge of the matter say that the auction has garnered interest from AT&T, Verizon Wireless, and Germany's Deutsche Telekom. Clearwire is seeking to raise at least $5 billion. None of the companies involved offered comment, though Clearwire had previously confirmed that it was in talks with Deustche Telekom's T-Mobile USA operations. It is not known what spectrum allocations Clearwire is looking to sell.

more info at Reuters »
Bloomberg

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Well, so much for... CellStudent Oct 12, 2010, 9:50 PM
excellent smithers flip mode Oct 12, 2010, 9:24 PM
 
 
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