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Sprint (S) is not obligated to increase its 49% stake in Clearwire (CLWR) as part of Softbank's...

  • Monday, October 15, 2012, 6:05 AM ET
    Sprint (S) is not obligated to increase its 49% stake in Clearwire (CLWR) as part of Softbank's $20.1B acquisition of Sprint, says the latter's CEO, Daniel Hesse. Clearwire's shares soared last week on speculation that it would be part of any deal.
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