Report: Clearwire may look at restructuring debt

The rumors about Clearwire (NASDAQ:CLWR) continue to swirl. The latest report from Bloomberg said Clearwire is talking with Blackstone Group about possibly restructuring its debt. The report cites two unnamed sources familiar with the matter and said that debt restructuring is just one of several options the company is considering. Clearwire spokeswoman Susan Johnston told Bloomberg that Clearwire hasn't retained Blackstone Group. Additionally, BTIG analyst Walter Piecyk wrote that he doubts that Clearwire is getting any advice from restructuring firms, particularly now that executive chairman John Stanton is overseeing the strategic direction of the firm and recently doubled his equity stake in the company by buying 2.7 million shares. Article

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