Google is selling its stake in ClearWire
0. phoneArena 24 Feb 2012, 07:21 posted on
Google has just sold its 6.5% stake in ClearWire for well below market value, thus turning its back on the WiMAX provider…
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1. itiswhatitis (Posts: 421; Member since: 23 Jan 2012)
Seems like a very bad investment decision by google but i can't check their account could be that they're tryna save some tax!
3. -box- (Posts: 3709; Member since: 04 Jan 2012)
Considering all the changes that's been happening with Sprint, and the sudden upsurge and almost immediate downturn of Clear's subscriber base, and the LightSquared deal, I'd have done the same thing. Sprint and anything related to it is a losing battle right now.