Advertisement
News
Advertisement

Report: Clearwire asking up to $5B for spectrum

Wed, 10/13/2010 - 8:50am
CED staff

According to Bloomberg, Time Warner Cable, AT&T, Verizon Wireless, Deutsche Telekom and Sprint Nextel are among the list of potential buyers for the spectrum.

Time Warner Cable and Comcast are already investors in Clearwire and have been re-branding Clearwire's Clear 4G service in areas where it has launched.

Sprint Nextel is a majority owner in Clearwire, while Bright House Networks, Google and Intel have also provided funding.

According to Bloomberg, the auction for the spectrum has entered the second round and is being managed by Deutsche Bank.

Clearwire has been on the hunt for more money to fund its operations and has had discussions with T-Mobile USA. Comcast has previously said it won't increase its 9 percent stake in Clearwire.

Advertisement

Share This Story

X
You may login with either your assigned username or your e-mail address.
The password field is case sensitive.
Loading