NEW YORK-Comcast Corp., a Philadelphia-based cable television company, late last month sold 3.3 million shares of stock it held in Nextel Communications Inc., a wireless communications provider headquartered in Rutherford, N.J.
Comcast, which originally purchased the shares for $12.25 each, sold them for prices ranging from $17.75 to $20.50 each, according to published newspaper reports.
The company still owns about 5.5 million shares, or 2 percent, of Nextel, and has options to purchase an additional 25 million shares at $16 each.
Comcast disclosed its May sales of Nextel stock in a Form 8-K report filed with the Securities and Exchange Commission, according to a spokeswoman in Comcast’s public relations department.
