Clearwire Chief Financial Officer Erik Prusch has confirmed during comments made at a recent UBS investor conference that the internet service provider is expecting to raise $2 billion from the sale of some of its spectrum licenses and is also in talks for possible further equity investment from Sprint, following the implementation of its current austerity measures to help it conserve operating capital while it seeks additional investment.
Clearwire is also undergoing arbitration proceedings against majority stakeholder Sprint due to disagreements related to wholesale and revenue percentages from Sprint customers that access its network. Â Should the proceedings be resolved as expected, Clearwire would then be able to pursue its goal for additional equity investment.
