Jump to content

Clearwire secures additional $300 Million for TD-LTE network




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!


Recommended Comments

There are no comments to display.

Add a comment...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Create New...