Hedge fund promises Clearwire $80 million as option to Sprint

04/10/2013 | Reuters

Aurelius Capital Management attempted to complicate Sprint Nextel's attempt to buy the remainder of Clearwire by offering the wireless service provider with $80 million in financing. Clearwire's board said it would evaluate Aurelius' offer, which is aimed at providing an alternative to Clearwire drawing funds from a Sprint line of credit. Crest Financial, a Clearwire investor, submitted a similar offer last week, pledging $240 million in funding.

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