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

Cambridge Audio DacMagic XS

Every computer with a microphone or headphone port has one -- a digital to analog converter (DAC). There are nearly as many chipsets a ...

D-Link Wi-Fi Smart Plug

Home automation fans have been getting their fair share of gadgets and accessories in the last few years. Starting with light bulbs, a ...

Razer Kraken Pro headset

Gaming headphones are a challenge to get right, for a long list of reasons that are unique to the consumer buying them. Some shoppers ...

Sponsor

toggle

Most Commented

 
toggle

Popular News