Clearwire LLC says that $920 million of new debt financing means it will have more than enough money to meet its target to cover 120 million people in the U.S. by the end of 2010. The Kirkland, Wash.-based operator revealed late Tuesday that it has raised additional debt financing just weeks after acquiring $1.56 billion in equity funding. In total, the company has raised $2.8 billion dollars in recent weeks through equity and debt financing.
Telematics Weekly is where you are. To facilitate your access to our insightful, unbiased and sophisticated industry news, we have brought Telematics Weekly to your social networks. Now you can:
Advertisement
Expert review of architecture and design during the early development phase of a telematics device can save a company substantial time and money while maximizing market potential. The former CTO of Quake Global and lead architect of their market dominating satellite modem — Mark Jones — has formed Sancomm Inc. to provide precisely this service.
Advertisement
Prospective clients need to experience the value of telematics. Hard data can help prove the viability of a solution to those with vision; but many customers lack vision. Imagine the reaction a client will have when an attractive usable interface is placed in their hands. They can click, navigate and discover first-hand how telematics can improve their life. But unintuitive and unattractive user interface limits the effectiveness of this sales strategy.
Advertisement