Phone Scoop

printed May 30, 2015
See this page online at:

Home  ›  News  ›

Sprint Invests Just Enough in Clearwire to Give it 50.8%

Article Comments  15  

Oct 18, 2012, 7:15 AM   by Eric M. Zeman   @phonescooper

Sprint has purchased some Class A and Class B shares in Clearwire from Eagle River Holdings, according to regulatory filings cited by the New York Times. The stock purchase, which was not given a monetary value, raises Sprint's stake in Clearwire from 48% up to 50.8%, giving it majority ownership of the company. The Times notes that gaining control of Clearwire was not a necessity for Sprint to receive $20.1 billion in financing from Japan's Softbank, but it "simplifies the relationship." Late Wednesday, AT&T expressed concern over the amount of spectrum that Softbank could come to control with its ownership stake in Sprint and Clearwire.

more info at New York Times »



Forum Options

This forum is closed.

Subject Author Date
Yay for Sprint, Screw AT&T Jaden10 Oct 18, 2012, 8:32 AM
So who is right? DAntiVirus Oct 18, 2012, 3:14 PM
Page  1  of 1

This forum is closed.

Subscribe to Phone Scoop News with RSS Follow @phonescoop on Twitter Phone Scoop on Facebook Phone Scoop on Google+ 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.