Kirkland, Wash. – Clearwire, the wireless company majority
owned by Sprint Nextel, said it plans to raise nearly $1.2 billion through the
sale of notes, using the proceeds to continue building out its nationwide
mobile broadband network.
Though private placements, the company plans to sell
$175 million of senior notes due in 2015, as well as $500 million due in 2017
and another $500 million due in 2040.
Kirkland, Wash.-based Clearwire’s WiMax
service, which promises wireless speeds comparable to those of land-based
broadband, launched in parts of D.C. last summer.