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Sprint Skips Clearwire Investment Opportunity

Article Comments  17  

Jan 3, 2011, 11:53 AM   by Eric M. Zeman

Sprint has declined to exercise its rightful options to purchase debt from WiMax partner Clearwire, which is attempting to raise more capital. Clearwire announced in December plans to offer $1.1 billion in debt in order to gain the funding it needs to continue operations. The debt offering came after the company announced plans to release employees and slow down projects. Sprint is a majority owner of Clearwire, but didn't use this opportunity to invest more in its partner.

more info at BusinessWeek / Bloomberg »

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Subject Author Date
Eventually, Sprint Will Buyout. Slammer Jan 3, 2011, 12:22 PM
wimax is dead!! that is why! netboy Jan 3, 2011, 12:55 PM
So does this mean I'll have to wait longer to see 4g in rural Missoura? phatmanxxl Jan 3, 2011, 12:33 PM
 
 
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