Clearwire Raises More Funds
By
| November 25, 2009
Clearwire has secured additional debt financing of $920 million—beyond the previous amounts highlighted on its last earnings call. That brings the total amount of incremental funds raised through a combination of debt and equity in recent weeks to $2.8 billion.
The company said that the funds exceed the previous stated goal for the amount of capital needed to achieve a build plan of 120 points of presence (POPs) by the end of 2010.