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Friday, Oct 19
2012, 5:35 PM
Sprint (S -2.2%) may add to its Clearwire (CLWR -8.9%) stake by picking up shares from other...
Sprint (S -2.2%) may add to its Clearwire (CLWR -8.9%) stake by picking up shares from other strategic investors, says CEO Dan Hesse. His comments come shortly after Sprint boosted its stake to 50.8% by acquiring Eagle River Holdings' shares, and Bloomberg reported Sprint has approached Intel and Comcast (previous) about buying their stakes. However, Hesse adds Sprint "just never made an offer to buy all of Clearwire, that’s just not on the table." (more on Sprint/Clearwire)