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

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)
Comments (1)
  • arran2
    , contributor
    Comments (18) | Send Message
     
    take it as budget loan when pepople job in spite of extra job or work should not be the same if health aid is in danger,simple loan as part of brnge benefit should be perhaps asnot hiring contract but as a human right.
    27 Feb 2013, 12:56 PM Reply Like
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