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

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

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.