Clearwire May Delay WiMAX Deployment: Report
Reuters is reporting that Clearwire Corp may build its high-speed WiMAX wireless network more slowly than originally planned if credit markets do not improve by early 2010, CEO Benjamin Wolff said on Monday.
The report said that even after Clearwire received more than $3.2 billion from Intel, Comcast, Google, and Time Warner, they may still need at least another $2 billion to keep going.
“If we could raise money in the middle of next year, end of next year, even early 2010 that would be plenty of time to continue on the pace we talked about before,” Wolff said in the article.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in