Clearwire this week announced that it has raised an additional $920 million in debt financing.

"The company had already nabbed $1.85 billion of senior secured notes due in 2015 to help it pay off an existing $1.4 billion debt payment," writes CNET's Marguerite Reardon. "In total, Clearwire has raised nearly $2.8 billion in debt and equity in the past few weeks."

"Building a global network from scratch isn't cheap," writes InternetNews' Andy Patrizio. "All told, the $2.8 billion Clearwire has raised in recent weeks will go toward paying off an existing $1.4 billion debt payment and be used to fund continued infrastructure expansion."

"With this latest tranche of additional funding, we have not only exceeded the amount of capital that we have previously stated we needed to fully fund our business plan, but we have also secured additional capital that will allow us to expand more aggressively by covering more people, and with more capacity than we had previously planned," says Clearwire CEO Bill Morrow.

More here from Wireless Week ... more here from Barron's ... and the press release is here.