Clearwire, the WiMax JV majority-owned by Sprint Nextel, has announced an auction of wireless airwaves aimed at raising as much as US$5bn. Its auction has attracted interest from telecom majors and large cablecos, according to Bloomberg.
The company has…
Clearwire, the WiMax JV majority-owned by Sprint Nextel, has announced an auction of wireless airwaves aimed at raising as much as US$5bn. Its auction has attracted interest from telecom majors and large cablecos, according to Bloomberg.
The company has said it is looking to raise new funding from a combination of a debt offering with either a spectrum sale or an equity investment, by the end of this year, in order to continue expanding a high-speed wireless network it is building.
The sale is in its second round of bidding and has attracted interest from AT&T, Verizon and Deutsche Telekom, Bloomberg sources said.
Spokespeople for Clearwire and AT&T declined to comment. Representatives for Sprint, Verizon Wireless and Deutsche Telekom’s US subsidiary T-Mobile USA were not immediately available for comment.
