Clearwire Raises $290M More

6/22/10

Kirkland, WA-based wireless Internet service company Clearwire (NASDAQ: CLWR) said late Monday that it has raised an additional $290.8 million through a public market rights offering. The company said its shareholders exercised rights to purchase approximately 39.7 million shares of Class A common stock for the aggregate price. Back in November, Clearwire received a $1.5 billion investment led by Sprint Nextel, much of which was given in support of the company’s WiMax broadband network, which rolled out in Seattle in December.

Thea Chard is a correspondent for Xconomy Seattle. You can e-mail her at theachard@gmail.com or follow her on Twitter at http://twitter.com/theachard. Follow @

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