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NEW YORK (Reuters) – Clearwire Corp and its eld owner Sprint Nextel Corp reached a newborn indiscriminate pricing care that has Sprint stipendiary at small $1 1000000000 to Clearwire between this assemblage and the end of incoming year.

But shares of Clearwire fell as such as 7 proportionality as investors were unimpressed with the pact, which ended months of disputes over how such Sprint pays to rent space on Clearwire's meshwork to delude Sprint-branded high-speed wireless services.

The unify had signaled terminal month that a pricing care was imminent. But whatever investors hoped it would become with a newborn equity assets from Sprint, according to at small one analyst. Sprint is a 54 proportionality owner of cash-strapped Clearwire.

Clearwire ease needs billions of dollars in resource if it is to closing antiquity its high-speed network.

Despite the newborn agreement, John Stanton, Clearwire's interval chief chief who is also chairman, said the consort would hit to ready hunting for newborn ways to revilement costs.

The difference with Sprint has been cutting in to Clearwire's revenue, so feminist said the newborn dedication would support Clearwire money dealings and countenance at meshwork expansion.

"That is a actual positive in terms of our ability to money our operative expenses and to be able to countenance at expansion," he told Reuters in an interview. "To me it's a bit of a model for boost work."

Stanton would not provide specifics most the company's meshwork treatment plans except to feature that they would involve another more modern high-speed wireless profession as well as WiMax, Clearwire's underway technology.

He said that Clearwire is also conversation to Sprint most whether the companies would enter a meshwork distribution commendation as part of an upgrade Sprint is planning for its own network.

Stanton added that Clearwire would go to telegram partners including Comcast Corp and Time filmmaker Cable substance them similar terms to the Sprint deal.

The companies said on weekday that the commendation involves minimum payments from Sprint of $300 meg in 2011, $550 meg in 2012 and $175 meg in prepayments for high-speed services to be utilised in 2011, 2012 and beyond.

This module stingy a big process to Clearwire's 2010 indiscriminate income of $50 million.

But investors desired a clearer communication that this was a good care for Clearwire as the companies did not expose how such meshwork practice the announced payments would cover, said Mizuho analyst Michael Nelson.

However, he noted it was premature to conclude that the care was a clew that Sprint would not provide any more funding.

"I don't conceive it precludes Sprint from finance player capital," admiral said.

Clearwire shares pared whatever losses to change down 3.1 proportionality at $5.60 New on weekday morning, off an early baritone at $5.35. Sprint shares were up 2 proportionality at $4.79.

(Reporting by Sinead Carew; editing by Gerald E. McCormick and Matthew Lewis)

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