Tuesday, 10 Nov 2009 | Source: The Associated Press
Investors in Clearwire Corp., including Sprint Nextel Corp. and major cable companies, Tuesday said they are pumping an additional $1.5 billion into the company so it can keep building out its nationwide wireless data network.
Shares of Sprint Nextel Corp. and Clearwire Corp. gained Monday after a published report suggesting Sprint and its partner investors will put at least another $1.5 billion into Clearwire.
Google Inc said on Monday that it could best help wireless service provider Clearwire Corp by cooperating on products and strategy rather than giving it more financial assistance.
One of these days it’s plausible to believe that the ailing wireless giant Sprint will be put out of its misery with the receipt of a viable takeover offer... Read More