Clearwire reportedly auctioning off spectrum

Clearwire isn't having any luck getting Sprint (NYSE: S) and cable partners Comcast (Nasdaq: CMCSA), Time Warner Cable (NYSE: TWC-WI) and Bright House Networks to pony up a little more cash to keep its 4G WiMAX rollout rolling, so it's auctioning some wireless spectrum to pay the bills.

Reports say that Clearwire is in the second round of auctioning as much as a 40 MHz slice of its spectrum in each market in an effort to raise up to $5 billion in operating cash. Bold facers like AT&T (NYSE: T), Verizon Wireless, (NYSE: VZ) and Deutsche Telekom (XETRA: DTE.DE) have all lined up to bid on the airwaves along with partners TWC and Sprint. An even bigger list of corporate spokesfolks have declined to comment on the reports--which means they also didn't deny they are true.

Clearwire, much to the chagrin of Sprint, has been in talks with competing wireless operator T-Mobile to try to get a cash infusion. Meanwhile, the nationwide broadband wireless for business player could also face competition from newly formed LightSquared which is promising to build and wholesale services on a satellite-based broadband wireless network.

For more:
- see this story

Related articles:
Clearwire open to funding from T-Mobile USA
Owning-and owning up-at Clearwire
Clearwire jabs back at LightSquared; T-Mobile G2 now available for pre-order

Suggested Articles

Windstream’s Kinetic broadband customers will now have the option to add YouTube TV.

NCTC and Imagine Communications are working together on ad tech for broadcasters, content owners, MVPDs and virtual MVPDs.

Thanks to some recent data drops from Google and Disney, the scope of the virtual MVPD market in the U.S. is coming into sharper focus.