Clearwire takes $80 million in financing from Sprint
Clearwire is tapping into the $800 million pool of financing Sprint has offered the company in a move that will likely make it more difficult for Dish Network to continue its bid for the carrier.
Clearwire said Thursday in a statement that it will take $80 million in financing from Sprint, which already owns a 51 percent stake in Clearwire, but is trying to buy the remaining shares. As part of its deal announced in December, Sprint agreed to pay Clearwire $2.2 billion and provide the company with up to $800 million in financing.
Meanwhile, satellite TV provider Dish … Read more