Clearwire to Take $80 Million Funding Draw From Sprint

Clearwire Corp. will again tap financing from Sprint Nextel Corp. under their buyout deal, taking a $80 million draw for May that will be the last available before Clearwire shareholders vote on the deal.

In December, Sprint offered to buy the rest of Clearwire in a $2.2 billion deal, and provided the wireless broadband operator up to $800 million in financing that it could draw on in installments of $80 million over 10 months. The company didn’t take that funding in January or February, as it was considering an offer from satellite TV company Dish Network Corp., DISH +2.03% but took the cash in March and April.

Read the rest of this post on the original site »

Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »