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Sprint's (S) stake in Clearwire (CLWR) falls to below 50% after the latter issues equity. Sprint...

Sprint's (S) stake in Clearwire (CLWR) falls to below 50% after the latter issues equity. Sprint will now increase its voting rights in the unit and bring them into line with its holding. Sprint last year lowered those rights to under 50% to prevent a default trigger on its debt at a period when Clearwire was in danger of failing to make a repayment.
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Comments (3)
  • Headcoach
    , contributor
    Comments (431) | Send Message
     
    Hello, this is old news. You even said it above...."Sprint last year lowered those rights to under 50% to prevent a default trigger on its debt at a period when Clearwire was in danger of failing to make a repayment!"

     

    So why tell us now? This happened back in December of last year. Why keep on bringing up negative sh**? For the love of God, STOP, do you think we are all STUPID!
    11 Jun 2012, 01:30 PM Reply Like
  • Vlad77
    , contributor
    Comments (131) | Send Message
     
    hahaha well said coach
    11 Jun 2012, 05:24 PM Reply Like
  • RealTimeRealMarket
    , contributor
    Comments (30) | Send Message
     
    Funny thing is Sprint will be atop the telecom market within a couple years as it roles out with its new and improved LTE network. With Clearwire providing spectrum along the way, both make for wonderful investment opportunities.
    11 Jun 2012, 11:47 PM Reply Like
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