Clearwire Retail Retreat May Draw Sprint Investment
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Clearwire Corp., the provider of wireless broadband services, may be able to get additional capital from partner Sprint Nextel Corp. with a retreat from its retail expansion, analysts said.
Clearwire plans to stop putting money into new retail stores to concentrate on building out its network, a person familiar with the plans said yesterday. The company will continue to operate its existing stores said the person, who couldn’t be identified because the plans aren’t public.