Clearwire Corporation (CLWR)

Clearwire Corporation, said today it has reached an agreement to raise $1.564 billion in new investment capital from Sprint Nextel Corporation, Comcast Corporation, Time Warner Cable Inc., Intel Corporation, Eagle River Holdings, LLC and Bright House Networks, LLC in exchange for newly issued shares priced at $7.33 per share.
Clearwire, which is building out a nationwide high-speed network, will use the cash to ease a cash shortfall that would have held up expansion plans.

Nov 10 · 11:51:00 AM · Source: Company News Release
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by Larry Etter