Wireless magnate Craig McCaw is taking Kirkland-based Clearwire public with a planned $400 million initial public offering, according to a filing with the Securities and Exchange Commission today.
Clearwire, a wireless broadband provider operating in 27 U.S. markets and in Europe, would trade on the Nasdaq under the ticker symbol CLWR.
The prospectus filed today did not indicate how many shares the company plans to offer or at what price. Clearwire intends to use proceeds from the offering to expand its network and to acquire additional broadband spectrum, and for other general working capital purposes. The company declined to comment further on the filing.
For more, see today’s Web story.
The two most recent stories we’ve written on Clearwire deal with two partnerships: one with AOL to resell its WiMax-like service; and one with Bell Canada to roll out voice over Internet Protocol to its 27 markets.