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Clearwire secures additional $300 Million for TD-LTE network

S4GRU

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by Robert Herron
Sprint 4G Rollout Updates
Friday, January 27, 2012 - 2:21 PM MST

 

Earlier this week, Clearwire announced it was seeking $300 Million in additional funding, suspiciously timed with announcing cherry picked results from its 4th Quarter 2011. And now today, Clearwire has announced that they have closed sale on that $300 Million in debt.

Clearwire said that these monies were raised “for the deployment of mobile 4G LTE technology alongside the mobile 4G WiMAX technology currently on its network and for the operation and maintenance of its networks and for general corporate purposes.”

However, this all comes at a very high price. This funding is at a rate of 14.75% due in 2016. But for many of us, we are looking forward to a Clearwire TD-LTE network. So, whatever it takes to get to the finish line!



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