Reuters: Technology News: Exclusive: Clearwire expected to tap Sprint financing for April

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Exclusive: Clearwire expected to tap Sprint financing for April Mar 28th 2013, 02:12 Tweet Share this Email Print Related News Deals of the day -- mergers and acquisitions Wed, Feb 27 2013 Clearwire to tap Sprint money but continue Dish talks Wed, Feb 27 2013 Related Topics Investing and Taxes Simplified » Tech » People walk past a Sprint store in New York December 17, 2012. Credit: Reuters/Andrew Kelly NEW YORK | Wed Mar 27, 2013 9:37pm EDT NEW YORK (Reuters) - Clearwire Corp plans to notify Sprint Nextel Corp on Thursday that it will tap another $80 million of financing as part of its deal with the No. 3 U.S. wireless carrier, two people close to the matter said. Clearwire has the option to draw on $80 million of financing on April 1 from Sprint, which already owns almost a 51 percent stake in Clearwire. In December, Sprint offered $2.97 per share to buy the rest of Clearwire that it does not own, and provide the wireless broadband operator up to $800 million in financing. It is unclear if satellite TV provider Dish Network Corp, which made a counter offer for Clearwire in January for $3.30 per share, is still in deal talks with the carrier. Spokesmen for Clearwire and Dish declined to comment. A spokesman for Sprint was not immediately available for comment. (Reporting by Nadia Damouni and Sinead Carew; Editing by Ryan Woo) Investing and Taxes Simplified Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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