Clearwire (CLWR +6%) treks higher after Mount Kellett Capital, which owns 7.3% of the carrier,...

|By:, SA News Editor

Clearwire (CLWR +6%) treks higher after Mount Kellett Capital, which owns 7.3% of the carrier, issues a letter voicing concerns about Sprint's (S +0.8%) Eagle River share purchase, which leaves it with a majority stake and board control, and the potential for a conflict of interests. Mount Kellett wants Clearwire to "sell a substantial portion of the Company's excess spectrum," something Sprint may not be keen on doing. (also)