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Clearwire has raised nearly $2.8 billion in debt and equity the past few weeks thanks in part to yesterday’s announcement of $920 million in additional financing. The wireless broadband provider is on the hunt to secure additional funding as part of its nationwide 4G rollout. Earlier this month some of the company’s investors pitched in an additional $1.5 billion in funding, but oddly Google decided to skip the latest round. Meanwhile Sprint Nextel, Intel, Comcast and Time Warner helped make the funding a success and are helping Clearwire reach its goal of $2 to $2.3 billion in additional funding to ensure the network reach hits 120 million people by the end of 2010. As we move closer to the early stages of the LTE rollouts by Verizon Wireless and At&t, the window for Clearwire to capitalize on their WiMax 4G network will slowly close and the battle for 4G subscribers will begin.
[via Cnet]
