Sprint (S) Trades Higher on Positive Clearwire (CLWR) Preliminary Q3 Results
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Sprint (NYSE: S) trading about 4 percent higher following Clearwire (Nasdaq: CLWR) preliminary third-quarter results.
According to the a filing with the U.S. SEC: "As of June 30, 2011, Sprint holds approximately 54% of a non-controlling economic interest in Clearwire in the form of 532 million Class B non-voting common interests (Class B Non-voting) in Clearwire Communications LLC and a 49.7% non-controlling voting interest in the form of 454 million shares of Class B voting common stock (Class B Voting) of Clearwire Corporation (together, “Class B Common Interests”) for which the carrying value totaled $2.1 billion."
According to the a filing with the U.S. SEC: "As of June 30, 2011, Sprint holds approximately 54% of a non-controlling economic interest in Clearwire in the form of 532 million Class B non-voting common interests (Class B Non-voting) in Clearwire Communications LLC and a 49.7% non-controlling voting interest in the form of 454 million shares of Class B voting common stock (Class B Voting) of Clearwire Corporation (together, “Class B Common Interests”) for which the carrying value totaled $2.1 billion."
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