IoT
Government // Mobile & Wireless
News
2/26/2010
01:52 PM
50%
50%

Clearwire Notches Subscriber Gains, 4Q Loss

The wireless carrier expects its 4G WiMax network to cover up to 120 million people by year end.

Poised to aggressively roll out its 4G WiMax wireless service, Clearwire reported strong subscriber gains in its fourth quarter even as the its quarterly loss neared $100 million.

Clearwire, majority owned by Sprint Nextel, said its growth of 87,000 retail subscribers outpaced growth in its first three quarters combined. Clearwire has a head start over Verizon Wireless, which is preparing to launch its LTE 4G network later in the year. Clearwire noted that it is expecting considerable help for its "network of networks" from its cable TV investment partners.

"We now provide the underlying capability to Comcast, Sprint, and Time Warner Cable to serve the growing demand for mobile broadband services," said Clearwire CEO Bill Morrow in a statement. "And we are well positioned to expand our wholesale business even further." The quarter's revenues grew to $79.9 million from $59.7 million in the previous year's fourth quarter when a loss of $90.4 million was reported.

With several locations already outfitted with its mobile WiMax technology, Clearwire said this year it will add new urban areas including New York, Boston, The District of Columbia, Houston, the San Francisco Bay area, Denver, Minneapolis, and Kansas City.

It expects to cover up to 120 million people with 4G service by the end of the year. The service will be offered via the company's CLEAR brand as well as by strategic wholesale providers Comcast and Time Warner.

The company got another boost recently when it reported plans to have a dual-mode 3G/4G smartphone available this summer -- well ahead of any LTE handset likely to be available from Verizon Wireless.

Early unconfirmed reports suggest that the handset, to be manufactured by HTC, will use Google's Android platform. In advance of handset availability, 4G service is being provided through data cards and USB dongles.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Register for InformationWeek Newsletters
White Papers
Current Issue
Top IT Trends to Watch in Financial Services
IT pros at banks, investment houses, insurance companies, and other financial services organizations are focused on a range of issues, from peer-to-peer lending to cybersecurity to performance, agility, and compliance. It all matters.
Video
Slideshows
Twitter Feed
InformationWeek Radio
Archived InformationWeek Radio
Join us for a roundup of the top stories on InformationWeek.com for the week of July 17, 2016. We'll be talking with the InformationWeek.com editors and correspondents who brought you the top stories of the week to get the "story behind the story."
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.