Wireless Start-Up Fails to Get Financing(nytimes.com)
nytimes.com
Wireless Start-Up Fails to Get Financing
http://www.nytimes.com/2008/01/09/technology/09wireless.html?_r=1&ref=technology&oref=slogin
2 comments
Wireless start-up fails to get $1.4 BILLION in financing...
Not entirely accurate; it says they failed to raise a $128m deposit. Plus they get a 25% discount.
No doubt the $1b required to bid (plus billions more in short order to build it) had something to do with not being able to find funding for the deposit, though.
No doubt the $1b required to bid (plus billions more in short order to build it) had something to do with not being able to find funding for the deposit, though.