- The Richest Members of the US Congress
- New Consensus Sees Stimulus Package as Worthy Step
- Wall Street Jobs Slow to Return Despite Record Profits
- Thanksgiving Week Stuffed With Economic News
- Black Friday Deals May Not Signal Retail Comeback
- Investors to Goldman: Be Less Greedy
- UPS Sets New Rates For 2010
- Victoria's Secret Hopes to Rekindle Desire for Lingerie
- 'New Moon' Takes Record $72.7M Box Office Bite
- How Stock Investors Can Play Holiday Travel
- Time Lapse World Series Is A Great Play
- Hirschhorn: Greed...or Fear
- My Top 10 Tech Toys for the Holidays
- iPhone a Better Gaming Platform Than Android?
- May Day For Dendreon
- 100% Mortgage Financing From USDA
- Holiday Tipping: Who And How Much
- Deep Discounts Should Make It a Very Tech-y Holiday
- Senate vote under way on 1st test of health care
- Orthodox Jews protest Saturday shift at Intel
- EPA: Uranium from polluted mine in Nev. wells
- Venezuela aims to annul patents for antibiotic
- Ben & Jerry's names new flavor after Hannah Teter
- 'New Moon' takes record $72.7M box office bite
- Losing Winfrey would be big blow for Second City
- Blockbuster plans to combine Class A and B stock
- Hawaii anxiously watching year-end tuna supply
Text Size 
NEW YORK (Reuters) - Sprint Nextel Corp <S.N>. is preparing to pump at least $1 billion more into Clearwire Corp., the Wall Street Journal reported on Sunday, citing two people familiar with the matter.
Sprint's joint venture partners on Clearwire, a group which includes Comcast Corp <CMCSA.O>., Intel Corp <INTC.O>, Time Warner Cable Inc <TWC.N>. and Bright House Networks LLC, are prepared to kick in another $500 million, the paper reported. It said that Google Inc, which has been a key joint venture partner, isn't involved in the latest financing round.
The paper said that an announcement of the new investment could come as soon as this week.
Sprint's CEO Dan Hesse said a recent during earnings call that the company would be supportive of funding Clearwire.
Sprint Nextel, Clearwire, Comcast, Bright House, Intel, Time Warner and Google were not immediately available for comment.
(Reporting by Megan Davies and Sinead Carew)
Print
Email
- Technology can make or break a fortune in the world of alternative energy.
- Many people are facing the holidays with substantially smaller incomes. Here’s how some are adapting.
- Jim Cramer is a proponent of stocks that pay healthy dividends, and here are his top five dividend plays.
- From salt, to lip balm to envelopes, it turns out that bacon flavoring can sell almost anything.
- The homebuyer's tax credit jacked sales for a while, but 2010 is looking weak. Now what?
- CNBC’s technology reporter Jim Goldman guides you through the best gadgets to buy this holiday season.
Data is a real-time snapshot *Data is delayed at least 15 minutes