Clearwire's fiscal picture takes a turn for the worse:

08/10/2011 | Bloomberg Businessweek

The value of Clearwire's bonds has plunged 12% this month and is closing in on levels defined as being in default, according to Bank of America Merrill Lynch index data, reflecting investor worries that the WiMAX service provider will not be able to raise enough capital to fund its network. The decline was also influenced by partner Sprint Nextel's move to partner with prospective wireless wholesaler LightSquared.

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