Clearwire Corp (CLWR.O) is in talks with U.S. wireless operators including AT&T Inc (T.N) and Verizon Wireless about selling network capacity while it also eyes raising new funding through equity, debt and vendor financing, according to top company executives. Clearwire, which needs $900 million new funding, is also open to selling wireless spectrum but is not running sale process, Chief Financial Officer Hope Cochran told Reuters. Asked for specifics on capacity talks, Chief Executive Eric Prusch told Reuters, "We're talking to everybody." Along with AT&T and Verizon it would also be fair to say that the talks include smaller players such as Leap Wireless (LEAP.O) and MetroPCS Communications (PCS.N), spokeswoman Susan Johnson said.
Clearwire Corporation (Clearwire) is a provider of fourth generation (4G) wireless broadband services. Shares of CLWR traded higher by 7.76% or $0.18/share to $2.50. In the past year, the shares have traded as low as $1.32 and as high as $8.82. On average, 6804540 shares of CLWR exchange hands on a given day and today's volume is recorded at 7571851.
AT&T Inc. is a holding company. The Company is a provider of telecommunications services in the United States and worldwide. Shares of T fell by 1.94% or $-0.55/share to $27.75. In the past year, the shares have traded as low as $27.20 and as high as $31.94. On average, 30735900 shares of T exchange hands on a given day and today's volume is recorded at 48460824.
Leap Wireless International, Inc. (Leap) is a wireless communications carrier that offers digital wireless services in the United States under the Cricket brand. Shares of LEAP fell by 8.85% or $-0.71/share to $7.31. In the past year, the shares have traded as low as $5.78 and as high as $17.66. On average, 2664300 shares of LEAP exchange hands on a given day and today's volume is recorded at 1896943.
MetroPCS Communications, Inc. (MetroPCS Communications) is a wireless telecommunications provider in the United States measured by the number of subscribers served. Shares of PCS fell by 3.77% or $-0.35/share to $8.94. In the past year, the shares have traded as low as $8.69 and as high as $18.79. On average, 7720890 shares of PCS exchange hands on a given day and today's volume is recorded at 7930302.
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