Could easily raise another $600M and complete 4G LTE build.
from last year... Clearwire raises almost $300M for 4G buildout Clearwire Corp. says it has raised almost $300 million in a rights offering that will provide much-needed capital to continue building out its fourth-generation wireless network.
The company, based in Kirkland, Wash., announced the preliminary results of the rights offering late Monday.
The rights offering, which could have generated as much as $361 million, was available to current shareholders, who the company said purchased 39.7 million shares of class A stock for a total of $290.8 million.
Each subscription right allowed the shareholder to buy 0.4 shares for $7.33 a share. Clearwire shares closed Monday at $7.43 a share, according to Yahoo Finance.
I am thinking that a large investment tied to preferred terms is the least expensive short term play. Fund the LTE advanced buildout and gain a wholesale option to access with favorable terms would benefit the major players in CLWR in the short term. Problem is if this makes financial sense it will greatly increase the value of the CLWR networks and make any future buyout more expensive as the value of the company would be way more than today's trading range? Sprint needs lots of cash as does CLWR so this might just be the very best time for someone to offer Sprint say 10 bucks a share for their CLWR shares, they get 5 billion cash and CLWR gets about 3 billion with a full buyout at this level, 10 bucks a share? A future CLWR with LTE advanced deployed would require 20+ per share if all the stars lined up?