Clearwire Says Needs $1.7 Billion Funds to Keep Operating
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Clearwire Corp., the money-losing wireless-service provider, said it needs at least $1.7 billion to cover a cash shortage and continue operating.
The company, based in Bellevue, Washington, needs the funds through 2014 to make up for the shortfall, it said in a filing yesterday. The shortfall reflects “less certain revenues and high fixed costs,” it said.