Newswires are reporting that Kuwaiti investment firm Investment Dar is mulling an $800 million stake in a U.S. telecom operator. A business development manager at the firm said it is "studying two telecom operator opportunities" and one of them is in the U.S. Analysts believe the company is eyeing either Sprint or Clearwire, but Sprint is the most likely target. An investment like this would require the approval of the U.S. Committee on Foreign Investment.
For more on the speculated deal:
- read this post from Barron's