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Clearwire Weighs Conserving Cash or Keeping Creditor Support

Clearwire Corp., facing a $237 million interest payment tomorrow, will have to decide between conserving cash to fund its wireless business or satisfying creditors the company may need for financing in the future.

The wireless broadband company, with almost $700 million in cash and short-term investments at the end of September, has the money to cover the payment. Still, making the payment would cut into capital at Clearwire, which has said it needs about $1 billion to fund operations and transition to faster wireless technology. The company can exercise a 30-day grace period if it wants to push back the decision.