Clearwire Seeking $1.1 Billion from Investors
Dec 2, 2010, 8:37 AM by Eric M. Zeman
Clearwire today announced that it plans to raise $1.1 billion by selling debt securities. Clearwire needs cash to continue operations, and some of its first-line investors, such as Google, have said they won't provide Clearwire with more money. Clearwire has been trying to raise capital for months, and has so far been unsuccessful.
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Comments
muchdrama said:
--WiMax is dead.
Quite possibly. But, until then, WiMAX has served its purpose well.
AJ
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Wimax wont die it will just upgrade to the industry standard.
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Sprint being smart?
Does anyone else think sprint is letting them drown so they can buy them out for cheap, and use it to make wimax/lte towers?
Sprint already owns 51% of Clear. Why would they "let them drown" ??
It seems like Sprint isn't interested in owning towers. It's more cost-effective to pay roaming agreements, and let someone else absorb the cost of maintaining the network itself....
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It seems like Sprint isn't interested in owning towers. It's more cost-effective to pay roaming agreements, and let someone else absorb the cost of maintaining the network itself....
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I've been wondering about this. What's sprint's end game is here. They've publicly said that they want to by Clear but dont have the money. Then, about 2 days later, they get into a goofy fee dispute with them. Sprint has marketed the heck out of ...
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