Clearwire is on its way to shoring up its coffers.
The mobile broadband provider and wholesaler said it is planning a public stock offering of $300 million. It's unclear how many shareholders are willing to re-up on a stock that has fallen 60 percent this year.
The funds are critical to Clearwire's continued ability to operate and upgrade its existing WiMax network to a newer technology called LTE. Last week, Sprint Nextel swooped in and saved the company by committing up to $1.6 billion in financing. Sprint, along with being the majority shareholder, is also Clearwire's … Read more