Seeking Alpha

Clearwire (CLWR +5.6%) finished the day with a decent gain after announcing it plans to delay...

Clearwire (CLWR +5.6%) finished the day with a decent gain after announcing it plans to delay some 4G investments, and is sharply lowering its 2012 capex forecast as a result. The fact Sprint's (S -0.2%) own 4G buildout is facing delays likely influenced Clearwire's plans. During its earnings call, Clearwire claimed it has enough cash for another 12 months, while stressing Sprint doesn't gain "any additional governance rights" as a result of now having a 50%+ stake.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)