Printed from http://www.electronista.com

Clearwire freezes cash-raising spectrum sale

updated 07:40 am EDT, Thu May 5, 2011

Clearwire puts spectrum sale on hold

Clearwire has put its spectrum sale on hold. Interim CEO John Stanton explained to investors that the company would not need to sell off its excess spectrum to raise funds in 2011, although he did not rule out the sale beyond the end of this year. Clearwire is currently in the process of expanding its WiMAX network, and was in need of funds. However, Stanton argued that the $1 billion over two years that it has raised from its with Sprint Nextel would be sufficient in the short term.

According to Fierce Wireless, the relationship that Clearwire has developed with Sprint is also expected to yield further dividends. Sprint is looking to modernize its network in and expand in rural and suburban areas where it will be likely to lean on Clearwire again, which will also add to its clash flow.

When asked about its
LTE plans, which involve LightSquared, Stanton explained that its trials have gone well, but that it would only make a formal announcement when in conjunction with its wholesale partners.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

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

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

JBL Synchros E40BT headphones

For all the different configurations of headphones on the market, it's always a tough choice for buyers to get something that is just ...

Razer Taipan mouse

The list of gaming devices is growing larger with each passing day. A large number of companies have entered the gaming input arena, a ...

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 ...

Sponsor

toggle

Most Commented

 
toggle

Popular News