Exclusive: Clearwire expected to tap Sprint financing for Ap

Home Forums Exclusive: Clearwire expected to tap Sprint financing for Ap

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    Anonymous

    Technology News

    People walk past a Sprint store in New YorkBy Nadia Damouni and Sinead Carew NEW YORK (Reuters) – Clearwire Corp plans to notify Sprint Nextel Corp on Thursday that it will tap another $80 million of financing in April as part of its deal with the No. 3 U.S. wireless carrier, two people close to the matter said. In December, Sprint offered $2.97 per share to buy the rest of Clearwire that it does not own, and provided the wireless broadband operator up to $800 million in financing that it could draw on in installments of $80 million over 10 months. …


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