MSO Makes Moves Toward Divesting 13% Stake
Add Comcast to the growing list of Clearwire investors looking to divest their stake in the troubled wireless company.
In a filing with the Securities and Exchange Commission last Tuesday, Clearwire indicated that Comcast, which owns 13% of the broadband wireless company’s outstanding stock (and 6% of its vote), has converted its holdings to common shares. While Comcast has not indicated whether it would sell the stake, converting the stock is one step toward that end.
Comcast declined to comment.