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Clearwire willing to take funding from T-Mobile

updated 04:30 pm EDT, Fri September 24, 2010

Clearwire in talks with T-Mobile for funding

Clearwire, the brand behind the 4G WiMAX network, is willing to secure more funds for the build-out of its network from a carrier such as T-Mobile USA, CEO Bill Morrow said on Friday. This would be secured by indebting itself and through an equity purchase. Clearwire would also raise money by selling off unneeded spectrum, FierceWireless noted, but the 4G carrier preferred to secure an equity investment from a provider that would rent space on its network at a preferred rate, in similar fashion to the deal with Sprint.

T-Mobile and Clearwire are said involved in negotiations, but failing to secure one under the above conditions, T-Mobile could also become a wholesale customer. It would need to pay higher rates to access Clearwire's network. A potential tie-up between the companies was discussed back in March.
Sprint owns 54 percent of Clearwire and may pump more money into the company, a move that may be hastened by the negotiations from T-Mobile.

Clearwire is currently in a push to fund its goal of bringing 4G access to 80 markets before the end of 2011.

by MacNN Staff



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