Texas-based Crest Financial Limited has announced that, along with certain affiliates, it has increased its stake in US WiMAX-turned-Long Term Evolution (LTE) provider Clearwire to 7.88%. The Crest group reported its Clearwire holdings – equivalent to 38,844,560 shares of Class A Common Stock – to the Securities and Exchange Commission (SEC) on 1 June 2012, after increasing its stake on 22 May.
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OVETEL Crest raises Clearwire stake to 7.88%
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