Clearwire Corp. (NASDAQ:CLWR) is reportedly discussing its options for restructuring.
Bloomberg reports that two people familiar with the situation say the company, which provides fourth-generation wireless services for Sprint Nextel (NYSE:S), has discussed its options with Blackstone Group (NYSE:BX).
Bloomberg said a debt restructuring is one of several options the company is looking at.
CEO John Stanton had said earlier in the month that the company was looking at “an array of strategic alternatives” Bloomberg noted.
A report on August 19 said that Clearwire investors including Sprint and Comcast (NASDAQ:CMCSA) were in talks about making an investment in Clearwire that could lead to a takeover.
Bloomberg also noted in its report that Clearwire, although it is struggling, said earlier in the month it would invest $600 million to upgrade its network to compete with AT&T (NYSE:T) and Verizon Wireless, which is a venture of Verizon Communications (NYSE:VZ) and Vodafone (NASDAQ:VOD).
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