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Clearwire throws hail mary and ends up with $700+ Million for new TD-LTE network

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by Robert Herron
Sprint 4G Rollout Updates
Monday, December 12, 2011 - 6:02 PM MST

 

Today, it appears that Clearwire has met it's equity funding hurdle, raising over $350 Million dollars. With the new stock sale funding, they will be eligible to receive up to $347 Million in additional funding from Sprint Nextel. Up until it was announced today, it was beginning to look like Clearwire may not be able to raise enough money. But the stock sale underwriters acted on an option to purchase, add added $52.5 Million to the total, saving the day for Clearwire.

Now with this fresh infusion of $700 Million, Clearwire will be in a position to start building out it's planned TD-LTE network on it's exhaustive 2.5GHz spectrum holdings. Clearwire has said previously they will begin their LTE deployment in existing WiMax markets. However, in the past few weeks they have also said they will work with Sprint to develop TD-LTE on Network Vision towers, when and where additional LTE capacity is needed.

Clearwire has not announced any specific development timelines for it's LTE network. It seems that Q3-2012 would be the earliest that Clearwire TD-LTE deployment could physically begin.

 

Source: http://gigaom.com/br...estment-number/



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