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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)
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