Clearwire (Nasdaq:CLWR) Raises Another $79.3 Million, as Sprint (NYSE:S) Not Interested

Clearwire Corp. (Nasdaq:CLWR) announced it has sold another $79.3 million in exchangeable notes, on the heels of Sprint (NYSE:S) confirming they're not interested in acquiring the rest of the shares of Clearwire at this time.

The notes had ready buyers, the same ones who recently acquired $650 million in notes.

Clearwire said they're going to use the capital to push out their fourth-generation wireless broadband network.

Sprint has the option of acquiring up to $760 million in exchange notes in order to keep their 54 percent stake in the company from being diluted.

Clearwire closed Wednesday at $5.34, down $0.36, or 6.27 percent. Sprint closed at $4.23, down $0.15, or 3.42 percent.