Time Warner Cable has decided against entering the wireless business, and as such, it's selling the 7.2 percent stake in Clearwire it picked up in 2008. Thanks to the dwindling value of the network provider, it's $550 million investment is now only worth around $73 million.
Engadget , Time Warner Cable abandons wireless business plans, sells 7.2 percent Clearwire stake, Time Warner Cable abandons wireless business plans, sells 7.2 percent Clearwire stake
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