Clearnet is a fast growing wireless communications company in the midst of a major capital investment and advertising program. Its Chief Financial Officer (CFO), who also happens to be the Vice President, has to make an instant choice entailing much of which Clearnet should attempt to raise from the public, when, what form of instrument, and where? Among the alternatives are equity and high yield debt issues in Canada versus U.S and cash-pay versus discount notes. Two years after its start up, Clearnet established an enhanced specialized mobile radio network that is digital, its Mike network. Additionally, Clearnet was granted a national personal communications service license and was in the midst of a major network build out organizational and program of expansion in pursuit of launching personal communications services by the next year; this project is targeted towards the mass consumer market.
Publication Date: 05/01/2000
This is just an excerpt. This case is about Finance
