toggle

AAPL Stock: 112.34 ( + 4.62 )

Printed from http://www.macnn.com

Clearwire to sell network capacity to Verizon, AT&T?

updated 10:10 pm EDT, Thu September 22, 2011

Carriers said to be in talks over 4G spectrum

Clearwire is reportedly involved in ongoing negotiations to sell some of its network capacity to other major carriers in the US. CEO Eric Prusch told Reuters the company is "talking to everybody," a list that includes AT&T and Verizon, along with smaller regional carriers such as Leap Wireless and MetroPCS.

Although Sprint has a majority stake in Clearwire, the latter company still needs to raise $900 million in new funding. Network upgrades are said to require approximately $600 million, while an additional $300 million is needed for business operations.

Recent reports suggest Sprint may be considering buying the rest of Clearwire's shares for a full acquisition. Clearwire spokeswoman Susan Johnson suggests the company is considering a variety of angles and would prefer a multi-faceted solution rather than a single funding option.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

Blue Yeti Studio

Despite being very familiar with Blue Microphones' lower-end products -- we've long recommended the company's Snowball line of mics ...

ZTE Spro 2 Smart Projector

Home theaters are becoming more and more accessible these days, but maybe you've been a bit wary about buying a home projector. And h ...

MSI Geforce GTX 970 100ME

When Nvidia announced a new line of video cards in September 2014, many people thought things would continue to be business as usual i ...

toggle

Most Commented