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Sprint loses its majority stake in Clearwire, but gains back voting rights

0. phoneArena posted on 11 Jun 2012, 10:06

Regarded by many as a rocky relationship, Sprint and Clearwire are once again making some news this morning. Previously, the Now Network owned a 54 percent stake in Clearwire, but after some recent equity stakes sold by Clearwire, Sprint’s ownership in the company has fallen under the 50 percent mark...

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posted on 11 Jun 2012, 16:57 1

1. lsutigers (Posts: 821; Member since: 08 Mar 2009)

This is actually very good for Sprint now that Clearwire seems to be somewhat self-supported and has acquired some wholesale contracts other than Sprint for it's upcoming TD-LTE Advanced-Ready network.

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