Clearwire in capacity talks with AT&T,Verizon

Reuters News
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Posted: Sep 22, 2011 4:44 PM
Clearwire in capacity talks with AT&T,Verizon

NEW YORK (Reuters) - Clearwire Corp is in talks with wireless operators including AT&T Inc and Verizon Wireless about selling network capacity while it also eyes raising new funding through equity, debt and vendor financing, according to top company executives.

Clearwire, which needs $900 million new funding, is also open to selling wireless spectrum but is not running sale process, Chief Financial Officer Hope Cochran told Reuters.

Asked for specifics on capacity talks, Chief Executive Eric Prusch told Reuters, "We're talking to everybody."

Along with AT&T and Verizon it would also be fair to say that the talks include smaller players such as Leap Wireless and MetroPCS Communications, spokeswoman Susan Johnson said.

(Reporting by Sinead Carew; editing by Gunna Dickson)