Printed from http://www.electronista.com

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

Comments

Login Here

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

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Logitech Hyperion Fury mouse

Selecting the correct gaming mouse comes down to finding a device that balances the needs of a user with a price they can afford. Ofte ...

Life n Soul BM211 Bluetooth speaker

Bluetooth speakers aren't only for listening to some music at the park or on a long bus ride, but can also be built with tablets in mi ...

Epson PowerLite Home Cinema 2030 projector

With high-definition televisions now the standard, 4K televisions becoming the next big thing, and plasma TVs going the way of the din ...

Sponsor

toggle

Most Commented

 
toggle

Popular News