Home  ›  News  ›

Clearwire Raises Stock Sale Target to $350 Million

Article Comments  

Dec 8, 2011, 8:22 AM   by Eric M. Zeman

Clearwire has raised the goal of its forthcoming sale of common stock from $300 million to $350 million. The offering has been priced at $2.00 per share to the public, and 175,000,000 shares are being offered. Sprint has agreed to contribute matching funds with its own stock purchase, boosting the total target to approximately $700 million. Clearwire will use the funds to run its business, build-out its planned Long Term Evolution network, as well as maintain its LTE and WiMax networks.

Cleawire »

more news about:



This forum is closed.

This forum is closed.

No messages

Page  1  of 1

Subscribe to news & reviews with RSS Follow @phonescoop on Threads Follow @phonescoop on Mastodon Phone Scoop on Facebook Follow on Instagram



All content Copyright 2001-2024 Phone Factor, LLC. All Rights Reserved.
Content on this site may not be copied or republished without formal permission.