Clearwire (CLWR -4.4%) shares sink after announcing plans for its operating subsidary, Clearwire...

|By:, SA News Editor

Clearwire (CLWR -4.4%) shares sink after announcing plans for its operating subsidary, Clearwire Communications, to raise more than $1.1B in debt in private placements in several tranches. Sprint (S +4.8%) shares rise, perhaps reflecting hopes that the company might not need to come to Clearwire's rescue. (PR)