Clearwire is considering whether or not to make a major loan payment as the cash-strapped wireless provider looks for financing options.
The company is supposed to make a $237 million payment on December 1. With $698 million in cash and short-term investments as of September 30, it can certainly meet the obligation, but at the cost of a significant chunk of its remaining war chest. As a result, the company is debating whether to skip the payment, according to The Wall Street Journal.
Clearwire, which operates a 4G WiMax network used by Sprint Nextel and other wireless resellers, is at … Read more