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 has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
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