Clearwire (CLWR) -2.5% after confirming it's tapping $80M in financing provided by Sprint (S);...

|About: Sprint Corporation (S)|By:, SA News Editor

Clearwire (CLWR) -2.5% after confirming it's tapping $80M in financing provided by Sprint (S); it consists of debt that could be exchanged into Clearwire stock at $1.50/share in the future. The 4G network owner says it hasn't decided whether to take additional financing from Sprint, and intends to continue talking with Dish (DISH) about a deal. Also, Clearwire is no longer obligated to go through with an accelerated 4G LTE buildout should it take the last 3 financing draws available to it (available from August-October). (WSJ report)