Cell Phone News – Sprint Provides Glimmer of Hope for Clearwire

Speaking to investors, Sprint CEO said that Clearwire’s recent warning that it has less than 12 months of funding left doesn’t preclude Sprint from kicking in some money. Hesse said, “That doesn’t mean that Sprint and other partners won’t continue to fund Clearwire.” Hesse stopped short of actually saying that Sprint would provide Clearwire with more money, however. Clearwire recently announced lay-offs, product delays, and build-out delays in an attempt to reduce capital spending. It is seeking the funding it needs to continue operations, but has so far been unsuccessful.

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