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

|About: Sprint Corporation (S)|By:, SA News Editor

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.