Comcast Unlikely to Boost Investment in Clearwire

Comcast’s Chief Financial Officer Michael Angelakis said Wednesday the cable giant is unlikely to increase its investment in Clearwire, the mobile-broadband provider.

Clearwire has long been cited by Comcast (CMCSA) as an important part of its wireless strategy. Comcast owns nine percent of Clearwire (CLWR), while Sprint Nextel (S) owns 54 percent and Intel (INTC), Google (GOOG) and Time Warner Cable (TWC) also hold stakes in the company.

But tensions have recently flared over the strategic direction of Clearwire, leading to questions about the company’s next round of financing. “Clearwire has to figure this out,” said Angelakis at an investor conference in New York.

Read the rest of this post on the original site


Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »