Exclusive: Clearwire expected to tap Sprint financing for April

NEW YORK (Reuters) - Clearwire Corp plans to notify Sprint Nextel Corp on Thursday that it will tap another $80 million of financing as part of its deal with the No. 3 U.S. wireless carrier, two people close to the matter said. Clearwire has the option to draw on $80 million of financing on April 1 from Sprint, which already owns almost a 51 percent stake in Clearwire. In December, Sprint offered $2.97 per share to buy the rest of Clearwire that it does not own, and provide the wireless broadband operator up to $800 million in financing. ...

via Tech News Headlines - Yahoo! News http://news.yahoo.com/exclusive-clearwire-expected-tap-sprint-financing-april-013726690--sector.html