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2011/12/05

Will Cable Companies Sell Clearwire Stake? - Cable Spotlight

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December 02, 2011

Will Cable Companies Sell Clearwire Stake?

By Gary Kim, Contributing Editor

Now that Comcast, Time Warner Cable and Bright House Networks have sold their AWS spectrum to Verizon Wireless (News - Alert) , and agreed to buy wholesale service from Verizon, one has to believe the cable companies also will sell their shares in Clearwire. 

In early 2010, the public owned 10 percent of Clearwire, while Intel (11 percent) and Comcast (nine percent) are the largest holders after Sprint. Time Warner (News - Alert) owned five percent, Google three percent, Brighthouse one percent, Eagle River four percent. 

Google originally had a three-percent stake in Clearwire in 2009, but Google decided not to participate in additional funding rounds. Intel decided early in 2011 to sell its own stake in Clearwire... Read More

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