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Story Topics: Clearwire - Sprint Nextel


Clearwire To Get More Cash From Sprint, Comcast, Others

Tech Trader Daily — Clearwire (CLWR) is going to get another $1.5 billion in capital from some of its key corporate investors, according to the Wall Street Journal , which cits “two people familiar with the matter.” The company needs the additional capital to build out its WiMax wireless broadband network. The Journal writes that Sprint (S) , already a majority investor in Clearwire, will plunk down another $1 billion, while a group that includes Comcast (CMCSA) , Intel (INTC) , Time Warner Cable (TWC) and Bright House Networks will throw in another $500 million. Previous investor Google (GOOG) isn’t supposed to be in this round. The same group invested $3.2 billion in Clearwire 18 months ago. In case you were wondering (I was): As of the end of September, according to a 10-Q filed last week , Sprint had about $5.9 billion in cash and short-term investments. In today’s trading: Clearwire is up 33 cents, or 5.1%, to $6.83. Sprint is up 20 cents, or 7%, to $3.05.
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120 days ago.
See also an update on 2009-12-10: Sprint CEO: We’ll Keep Clearwire Stake Over 50%; No Comment On T-Mobile Speculation

Other sources

Google Sits Out Of Clearwire's Latest $1.5 Billion Financing

— Wireless broadband carrier Clearwire needs more money, and previous backers have agreed to kick in $1.5 billion more, the WSJ reports . The round could be announced ...More
120 days ago.

Sprint to Invest Another $1.5B in Clearwire

eWeek — In addition to Sprint's new investment in Clearwire's 4G WiMax technology, Clearwire partners Comcast, Intel, Time Warner and Bright House Networks also combine ...More
120 days ago.

Report: Sprint, others to pump more money into Clearwire

FierceWireless — Sprint Nextel and several other companies plan to make additional investments in Clearwire. The  Wall Street Journal  reports that Sprint and ...More
120 days ago.

Report: Clearwire gets more cash from investors

CNET News — All of Clearwire's major investors, with the exception of Google, are pumping in more cash to the company to help it build its nationwide WiMax network.
120 days ago.

Stocks in the news: Kraft, Cadbury, Comcast, General Electric, Clearwire

DailyFinance — Filed under: Company News , Investing , General Electric , Intel , Kraft Foods , Sprint Nextel Corp. , Comcast , Time Warner Cable , McDonald's Kraft Foods Inc. ...More
120 days ago.
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