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Clearwire Hopes to Assuage Financial Woes in New Sprint Deal

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Feb 18, 2011, 8:31 AM   by Eric M. Zeman   @phonescooper

Clearwire, the financially troubled provider of WiMax, is seeking ways to raise capital and straighten out its finances. One tactic that Clearwire believes will help is to resolve an on-going dispute it has with wholesale partner Sprint. Clearwire said that if it can come to an agreement with Sprint about the wholesale network access rates it charges to Sprint, then its revenues would raise substantially. With that issue fixed, Clearwire will be in a better position to score additional funding from outside investors. Sprint owns 54% of Clearwire, and is its biggest customer.

more info at Reuters »



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Subject Author Date
Simple minds at work Hitur Petar Feb 20, 2011, 9:04 AM
...and that's the rub. crood Feb 18, 2011, 9:07 AM
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