Clearwire Raises $734 Million

iphone41 150x150 Clearwire Raises $734 Million

Free Cell Phone?

Clearwire Corp. has raised $734 million, including $331.4 million from Sprint Nextel, from recent stock offerings.

The 4G/WiMax provider announced the net proceeds late Tuesday afternoon, according to the Washington Business Journal.

The funds help the cash strapped Clearwire continue rolling out its 4G wireless network to new markets as planned.

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