Clearwire to Offer Stock in Bid to Raise Capital
Clearwire today announced plans to raise approximately $300 million from a public offering of Class A Common stock. Clearwire said that it plans to use any funds raised through the offering for general corporate purposes, as well as to help build its planned Long Term Evolution 4G mobile data network alongside its existing WiMax network. The funds will also be used to help operate and maintain both networks. The offering is being underwritten by J.P. Morgan, BofA, Merrill Lynch, and Jefferies & Company. Clearwire recently announced that it will receive up to $1.6 billion from Sprint over the next few years as the two companies transition from WiMax to Long Term Evolution 4G. Clearwire has struggled to find funding for the last 12 months, and through most of 2011 ceased new market rollouts and reduced its product offerings.
Aug 27, 2019
Sprint today launched 5G service in four new cities, and launched one new 5G phone: The OnePlus 7 Pro 5G, available starting today. In New York City, 5G covers 1.7 million people, and parts of Manhattan from Central Park to the southern tip.
Aug 2, 2017
Microsoft today said the latest version of Skype for Android and iOS devices makes it possible to send funds to other Skype users via PayPal. Users will be able to send money through PayPal without leaving the Skype app.
Mar 30, 2017
Google's new Reserve with Google service makes it possible to find, book, and pay for fitness classes pretty much anywhere in the U.S. Reserve with Google is available to mobile and desktop devices and works together with Google Maps and Google Search to find fitness studios, classes, ratings, rates, and more.
Jan 7, 2018
AT&T is selling $1 billion worth of recently-acquired radio spectrum licenses to an obscure Virginia company, according to documents filed recently with the FCC. The spectrum in question is all (or nearly all) of the 600 MHz (band 71) licenses that AT&T acquired in an FCC auction just one year ago.