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Clearwire eyes selling up to $2 billion spectrum
Posted: 06-Dec-2010 [Source: Reuters]

[Clearwire finance chief says the company is looking to get up to $2 billion from a spectrum auction.]

New York (Reuters) -- "Clearwire Corp expects to snag another round of funding late this year or early 2011 and may raise as much as $2 billion from selling wireless spectrum, according to its finance chief Erik Prusch.

Clearwire, which is 54 percent owned by Sprint Nextel (NYSE:S - News), needs billions of dollars more funding to complete construction of its high-speed wireless network even after a $1.3 billion debt offering last week."

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