KIRKLAND, Wash.—Clearwire Corp. said all the conditions of its previously announced investment arrangement with Intel Capital and Motorola Ventures have been completed. Further, the company said the original $900 million in equity financing included in the deal has been increased to more than $1 billion due to additional investments by existing shareholders.
The company also said it finalized a new debt facility of $125 million.
As part of the transactions, Clearwire announced Arvind Sodhani, president of Intel Capital, and David Perlmutter, senior vice president and general manager of the Intel Mobility Group, will join the company’s board of directors.
