Sprint Nextel invests another $1.176 billion in the WiMax provider. Clearwire also announces $1.45 billion in new senior secured notes with net proceeds to be used to pay off the companys existing $1.40 billion debt.
– Clearwire
made it official Nov. 10, confirming partner Sprint Nextel has invested another
$1 billion in the WiMax provider. In addition, fellow partners Comcast, Time
Warner Cable, Intel, Eagle River Holdings and Bright House Networks are making
additional investments totaling $500 million.
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