Sprint CEO: We’ll Keep Clearwire Stake Over 50%; No Comment On T-Mobile Speculation |
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Tech Trader Daily —
Sprint Nextel (S) CEO Dan Hesse says he will not allow his company’ stake in Clearwire (CLWR) to drop below 50%, Reuters reports . He made the remark in response to a question at a UBS investor conference in New York. Sprint’s stake is currently about 55%. Hesse declined to comment on speculation yesterday that the company might combine forces with the T-Mobile unit of Deutsche Telekom. In early trading, Sprint is up 6 cents, or 1.5%, to $4.19.
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