Printed from http://www.electronista.com

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 Electronista Staff
toggle

Comments

Login Here

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

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Samsung SmartCam HD Pro

Keeping an eye on the home while out and about these days is common practice, assisted by modern technology. Internet cameras became p ...

Fugoo Bluetooth speaker

It's rare to find a Bluetooth speaker that can cover a large array of needs. Generally, speakers are wrapped in a desktop-convenient d ...

Epson LW-600P

Label makers are traditionally simple machines that perform a single task which people feel they can either live with or without. In m ...

Sponsor

toggle

Most Commented

 
toggle

Popular News