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Clearwire sells more stock than estimated at high end of range: The Craig McCaw firm brought in $600m by selling 24m shares; they trade under the ticker symbol CLWR. The firm raised the money to continue its very expensive rollout of pre- and soon actual-mobile WiMax service nationwide. Clearwire currently operates in 34 US markets and in Belgium and Ireland, and has 207,200 subscribers, mostly in the US. It raised $2b before the stock offering.
Posted by Glennf at March 8, 2007 9:38 AM