Wireless nightmares: The markets do not rescue Clearwire financially

(Editor's Note: The below is simply a possible outcome--one of many. It is intended as a lighthearted look at a possible executive nightmare. Meaning, this is not real.)

Clearwire CEO Erik Prusch:
The markets do not rescue Clearwire financially

erik prusch

  Erik Prusch

Clearwire's (NASDAQ:CLWR) Erik Prusch can breathe a little easier since Sprint Nextel (NYSE:S), Clearwire's largest wholesale customer and majority owner, has signed a non-binding cooperation agreement with Clearwire to work together on technical specifications for Clearwire's forthcoming LTE network. Still, the agreement doesn't come with a fresh infusion of cash, which is what Clearwire needs. Clearwire has said it needs an additional $600 million to build an LTE-Advanced network across two-thirds of its current WiMAX network footprint, as well as between $150 million and $300 million for the maintenance of its existing WiMAX network. It's not a huge sum of money, relatively, but so far neither Sprint nor the markets have opened up their wallets since Clearwire announced its TDD LTE plans in early August. If the cash spigot doesn't get turned on, Clearwire's ambitions will dry up.

      

Wireless nightmares: The markets do not rescue Clearwire financially
Read more on