Clearwire considering interest payment default as Sprint deal looms

Posted on Apr 13 2013 - 12:25am by Huzoor Bux

NEW YORK/SAN FRANCISCO (Reuters) – Clearwire Corp is “actively considering” defaulting on a $255 million interest payment due June 1 on about $4.5 billion of outstanding debt, according to a proxy filing on Friday, as a shareholder vote approaches on Sprint-Nextel Corp’s takeover offer.

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