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Clearwire Hopes to Assuage Financial Woes in New Sprint Deal

Article Comments  7  

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

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.

Reuters »



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Hitur Petar

Feb 20, 2011, 9:04 AM

Simple minds at work

You financial geniuses really can't figure this out can you? Huge surprise.
Maybe they should hire you, Hitur. You're apparently a fincial wiz, right? i say everyone involved just ups and leaves. Then you'll save the day.
I'll throw a parade, but since i don't have any friends, only cats, it will add a special twist. i can ...

Feb 18, 2011, 9:07 AM

...and that's the rub.

Clearwire has virtually no leverage in negotiations with Sprint. They're the majority owner and best customer. Who's going to call the shots in that kind of situation?
And when your majority shareholder and best customer is wanting to drive down your stock so it can buy you by threatening to abandon you publicly...well these are the sort of games you play.
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