Phone Scoop

printed July 3, 2015
See this page online at:

Home  ›  News  ›

Sprint No Longer Majority Owner of Clearwire

Article Comments  1  

Jun 11, 2012, 9:31 AM   by Eric M. Zeman   @phonescooper

Sprint today indicated that, thanks to recent equity stakes sold by Clearwire, it no longer owns 54% of the company. Its ownership share has fallen to less than 50%. The change in ownership means Sprint will reclaim its voting rights, which it reduced last year to avoid the potential for a debt risk due to Clearwire's tenuous financial standpoint. Sprint has owned a majority stake of Clearwire for years, and has pumped several billion dollars into the company this year through bond sales.

more info at Reuters »



Forum Options

This forum is closed.

Subject Author Date
Its Like? Versed Jun 11, 2012, 8:22 PM
Page  1  of 1

This forum is closed.

Subscribe to Phone Scoop News with RSS Follow @phonescoop on Twitter Phone Scoop on Facebook Subscribe to Phone Scoop on YouTube Follow on Instagram


All content Copyright 2001-2015 Phone Factor, LLC. All Rights Reserved.
Content on this site may not be copied or republished without formal permission.