Sprint Nextel has admitted that it no longer holds a majority economic stake in WiMAX-turned-Long Term Evolution (LTE) operator Clearwire, signifying the first time in many years that its economic interest in the company has fallen below 50%. Sprint spokesman Scott Sloat told FierceWireless that its ‘economic percentage dropped below 50% as a result of Clearwire issuing additional shares’. Sloat added that because Clearwire is in the midst of issuing new equity, he does not know his firm's precise stake, but did confirm that Sprint's voting interest and economic interest are now aligned once more.
View post:
OVETEL Sprint: ‘no longer majority owner of Clearwire’
No comments:
Post a Comment