Clearwire hoping to raise $2.5 billion by selling spectrum

updated 04:20 pm EDT, Wed October 13, 2010

 

Clearwire holding spectrum auction to raise $2.5b


Clearwire is looking to raise between $2.5 and $5 billion by selling wireless spectrum in an auction, according to a Wednesday report. Potential buyers include AT&T, Verizon, Deutsche Telekom, Time Warner Cable and Clearwire's majority owner, Sprint, said unnamed sources for Bloomberg. Bidding is currently in the second round, with Deutsche Bank managing the negotiations.

Clearwire is trying to secure funding to build out its 4G WiMAX network, and was involved in talks with T-Mobile recently. The carrier will need to secure about $2 billion by year's end in order to pay for network construction, analysts believed.

Up for sale is as much as 40MHz of spectrum per market, which is a small fraction of the spectrum Clearwire owns.

Current shareholders include Sprint, Google, Time Warner Cable and Comcast Corp.


By Electronista Staff

toggle

Previous Comments

 
close
Photo
toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Logitech FabricSkin Keyboard Folio for iPad

Since the fourth-generation iPad didn't evolve much over its predecessor, the market for iPad accessories has remained somewhat static ...

Huawei Ascend Mate

The Huawei Ascend Mate is a phone that fits the screen-size gap between the 4 to 5-inch smartphone and the seven-inch or more tablet, ...

MaxUpgrades MaxConnect for 2006-2008 Mac Pro

Nobody outside of Cupertino's privileged bunch knows the future of the Mac Pro line for sure. Despite Apple's reluctance to tell us wh ...

Sponsor

 
toggle

Popular News