Intel (NASDAQ:INTC) said in a regulatory filing late yesterday it is planning to sell up to 10 million shares of Clearwire (NASDAQ:CLWR) as early as tomorrow. Intel is one of Clearwire’s largest shareholders, reportedly holding about 10% of the company’s outstanding shares. The sale is about a tenth of Intel’s stake in Clearwire.
Intel noted that Clearwire’s WiMax wireless technology is strategically important to the company, and the share sale doesn’t impact and of the contractual obligations of arrangements between the two companies.
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