Susan Johnston News
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Verizon Wireless, the nation’s largest wireless carrier, offered to acquire some of Clearwire’s airwave licenses in major cities, according to people familiar with the proposal.
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Clearwire Corp. , the provider of wireless broadband services, may be able to get additional capital from partner Sprint Nextel Corp. with a retreat from its retail expansion, analysts said.
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Clearwire Corp.’s warning that it could skip a debt payment coming due on Dec. 1 may be a “ploy” to win financial support from partner Sprint Nextel Corp. or another company.
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Clearwire Corp. investor Crest Financial Ltd. voiced support for a proposal by fellow shareholder Mount Kellett Capital Management LP to sell Clearwire’s excess wireless spectrum.
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Sprint Nextel Corp., the company that agreed to sell 70 percent of itself to Softbank Corp., plans to acquire telecom pioneer Craig McCaw’s stake in Clearwire Corp., gaining a majority of the wireless carrier.
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Sprint Nextel Corp.’s shares are so battered after AT&T Inc.’s $39 billion offer for T-Mobile USA that investors are valuing the third-largest U.S. mobile phone carrier at a discount to its net assets.
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Clearwire Corp., the unprofitable company building a high-speed wireless network across the U.S., rose after Crest Financial bought a 7.9 percent stake and said the shares are undervalued.
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Clearwire Corp., a company creating a nationwide high-speed wireless network using WiMax technology, said Chairman Craig McCaw will step down today.
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Bonds of Clearwire Corp., the company Standard & Poor’s says will run out of cash in 2012, are approaching levels consistent with an impending default as partner Sprint Nextel Corp. strikes a deal with a competitor.
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Time Warner Cable Inc. is in talks with billionaire Philip Falcone ’s LightSquared Inc. to use the wireless venture’s network to provide mobile-Web access for its customers, two people familiar with the situation said.
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