Some of those observers believe the $1.1 billion is enough to get Clearwire through 2011.
Thursday, December 2, 2010
Clearwire to Issue $1.1 Billion in New Debt
Clearwire Communications says it plans to issue new debt of more than $1.1 billion. That's about a fourth of what some analysts think the company will have to raise to complete its national network. The debt issuance does not mean equity investments might not also occur later, as some $3 billion in additional funding might be required, ultimately.
Gary Kim was cited as a global "Power Mobile Influencer" by Forbes, ranked second in the world for coverage of the mobile business, and as a "top 10" telecom analyst. He is a member of Mensa, the international organization for people with IQs in the top two percent.
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