Clearwire Raises Additional $2.78 Billion in Capital

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posted Nov 25, 2009, 10:49 AM   by Eric M. Zeman

Clearwire recently announced a new round of financing that adds significantly to its coffers. It closed two different rounds of financing, one for $1.85 billion and another for $920 million. Together, they amount to $2.78 billion in cash that Clearwire will use to continue building out its WiMax network across the U.S. Earlier this month, Clearwire secured a $1.5 billion financing round from Sprint and other investors.

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