US WiMAX operator Clearwire has announced plans to offer USD300 million worth of Class A common stock in a registered public offering. In addition, Clearwire also expects to grant the underwriters a 30-day option to purchase a further USD45 million worth of common stock if there is excess demand.
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OVETEL Cash-strapped Clearwire to offer up USD300m of Class A shares to fund LTE rollout
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