Sprint Says May Use Debt to Fund Clearwire | Reuters

#mobile #telecom #sprint #clearwire #reuters According to Sinead Carew 2011, “Sprint Nextel Corp (S.N) plans to offer debt in a private transaction and could use the proceeds to fund Clearwire Corp (CLWR.O).

Sprint said it could also use the proceeds to pay back existing debt or fund its network upgrade. But that didn’t stop Clearwire shares from rising 23 percent, because Sprint had previously refused to discuss whether it would help Clearwire’s current efforts to raise cash.” Read more > http://www.reuters.com/article/2011/11/04/us-sprint-clearwire-idUSTRE7A33Q420111104