Search This Telecom News Blog

Tuesday, November 9, 2010

Financial Times, Wall Street Journal

Clearwire announced in a filing with the US Securities and Exchange Commission on Friday that it may need more funding by as early as mid-2011, due to anticipated continued losses from business operations. That news may be especially troubling to Sprint, who is a major stakeholder in Clearwire, and who may be forced to inject another USD2 billion in the next few months, writes WSJ. Meanwhile, Clearwire is simultaneously building its business as a mobile operator, making it a rival of Sprint’s. While Sprint reasonably prefers to see Clearwire focusing on building the 4G network instead of becoming a rival operator, it will probably prove more cost-effective to stay in the relationship with Clearwire than any other available option, concludes WSJ.

No comments:

Post a Comment