Clearwire officially seeks a ‘modest’ amount of stimulus funds | mocoNews

Clearwire (NSDQ: CLWR), which will eventually need more funding in order to roll out a nationwide WiMax network, has applied to receive a portion of the $4.7 billion in stimulus funding earmarked for building high-speed access to underserved areas—although it doesn’t sound like the company is seeking much.

Susan Johnston, a Clearwire spokeswoman, said today: “Clearwire has submitted for a couple of modest grants under the broadband stimulus program. These projects would have no significant impact on our funding or our existing build-out plans, but demonstrate our support of the government’s initiative to bring broadband to underserved areas...”