Submitted: May 23, 2011 - 10:41pm
Originally published: May 23, 2011
Last updated: May 23, 2011 - 10:47pm
Originally published: May 23, 2011
Last updated: May 23, 2011 - 10:47pm
Source:
C-Net|News.com
Author:
Marguerite Reardon
Location:
Clearwire, 4400 Carillon Point, Kirkland, WA, 98033, United States
There's no doubt that Clearwire faces a cash crunch among many other challenges as it tries to build its nationwide 4G WiMax network. But will the company be able to weather the storm and stay afloat? That's the big question that investors and Clearwire's customers are asking as the company continues to look for more funding to support its network expansion and deal with growing competition. In November, Clearwire said it might not have enough cash to keep its network running through the middle of 2011. Since then it's taken on more debt and settled a wholesale pricing dispute with Sprint Nextel, which has secured its short-term viability.
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