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Monday, 6 December 2010 - Clearwire eyes selling up to $2 billion spectrum |
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    Read more with google mobile : Clearwire eyes selling up to $2 billion spectrum |

    Edition: U.S. Article Comments (0) Email Print Reprints Read Euro zone worries pressure Wall St 10:11am EST Analysis: WikiLeaks stirs debate on info revolution 10:50am EST China's Hu tells Obama Korea tension could go out of control | 10:10am EST WikiLeaks lists sites U.S. says vital to interests 10:04am EST Exclusive: AOL mulls breakup, then merger with Yahoo 10:39am EST Discussed 70 Obama, Republicans in tax face-off at White House 59 Senate bid to renew ”middle-class” tax cuts fails 55 WikiLeaks plans to release a U.S. bank’s documents Watched Bejeweled bra exposed in NY Thu, Oct 21 2010 Playboy opens Mexican casino Sun, Dec 5 2010 Row over vote orgasm video Fri, Nov 19 2010 Analyst Research Report Title Price Trading Report for (S). A detailed report, including free correlated market analysis, and updates. Provider: Stock Traders Daily $18.0 Buy S: Risk/Reward Rating: Full Report: Cash Truth Behind the Reported Earnings Provider: New Constructs, LLC $25.0 Buy SPRINT NEXTEL CORPORATION (S=US) - REPORT FOR ACTIVE TRADERS Provider: Pechala's Reports $25.0 Buy ValuEngine Industry Report for Diversified Comm Services Provider: ValuEngine, Inc. $49.0 Buy NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here. Green Business Google technology to aid forest efforts Google's new platform, Google Earth Engine, takes vast amounts of forest images from satellites and crunches it, allowing scientists to monitor forests from their own computers in minutes or seconds instead of the hours or days it took before.  Full Article  Special Report: Making forests pay in a warming world More Green Business news Clearwire eyes selling up to $2 billion spectrum Tweet This Share on LinkedIn Share on Facebook NEW YORK (Reuters) - Clearwire Corp (CLWR.O) expects to snag another round of funding late this year or early 2011 and may raise as much as $2 billion from selling wireless spectrum, according to its finance chief Erik Prusch. Clearwire, which is 54... Related News Sprint inks deal with Alcatel-Lucent, Ericsson 9:46am EST UPDATE 1-Clearwire debt funding may top $2 billion Fri, Dec 3 2010 UPDATE 3-Clearwire plans $1.1 bln debt sale, shares fall Thu, Dec 2 2010 UPDATE 3-Clearwire to sell over $1.1 bln in debt, stock off Thu, Dec 2 2010 Clearwire plans to sell over $1.1 billion in debt Thu, Dec 2 2010 Related Topics Technology » Stocks     NEW YORK | Mon Dec 6, 2010 10:19am EST NEW YORK (Reuters) - Clearwire Corp (CLWR.O) expects to snag another round of funding late this year or early 2011 and may raise as much as $2 billion from selling wireless spectrum, according to its finance chief Erik Prusch. Clearwire, which is 54 percent owned by Sprint Nextel (S.N), needs billions of dollars more funding to complete construction of its high-speed wireless network even after a $1.3 billion debt offering last week. It is considering an equity investment from a strategic partner like Sprint and a sale of wireless airwaves that it does not need for its service. Prusch said the company is half-way though a spectrum auction and has had interest from several partners who are doing due diligence. "We would be looking to find up to $2 billion from a sale," Prusch told reporters after his presentation at a UBS investor conference, adding that it was still not clear if Clearwire would look for both equity funding and a spectrum sale. "The question is whether we close either or both," Prusch said. Besides Sprint, the No. 3 U.S. mobile service Clearwire has also had talks about an equity investment from T-Mobile USA, a unit of Deutsche Telekom (DTEGn.DE). Clearwire shares were up 1.8 percent at $6.14 after the comments. The stock had fallen 13 percent in a single day last week as investors were disappointed it had gone to the debt markets and that it had not raised more money. The financing talks are taking place as Clearwire's relationship with Sprint has turned tense. Sprint, which uses Clearwire's network to sell wireless services, has objected to Clearwire's strategy to also sell directly to consumers. But Prusch told the audience at the UBS conference that Clearwire's retail service is a core part of the company's business. Aside from their dispute about retail services, Sprint and Clearwire are also due to start arbitration proceedings next year over a disagreement over wholesale service fees that Sprint pays to Clearwire. Prusch said he was "cautiously optimistic" the companies could come to an agreement before formal arbitration begins. (Reporting by Sinead Carew; editing by Derek Caney, Dave Zimmerman) Technology   We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback   Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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