*This was in Wireless Week today, I've watched this reporter's news
on Clearwire and she has never written one disparaging thing about
them, obviously an avid fan of Clear.*
Clearwire Posts Narrowing Losses, Soaring Net Adds
Posted In: Economy <http://www.wirelessweek.com/tags/Business/Economy> |
Clearwire
<http://www.wirelessweek.com/tags/Carriers-and-Vendors/Clearwire> |
Wireless Networks
<http://www.wirelessweek.com/tags/Technology/Wireless-Networks> |
FirstNews <http://www.wirelessweek.com/tags/Features/FirstNews>
By Maisie Ramsay Wednesday, February 24, 201
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If Clearwire's fourth-quarter results are any indication, things seem to
be turning around for the mobile WiMAX company.
Clearwire's net adds hit 87,000 in its fourth quarter, more than it
added during its entire 2008 fiscal year. The fourth-quarter increase
included the addition of about 90,000 net new retail subscribers in the
company's mobile WiMAX markets, which were partially offset by slight
declines in its domestic and international legacy markets.* *
Clearwire's subscriber base is comprised of 46,000 wholesale customers
and 642,000 retail customers, bringing its total customer base to 688,000.
The company's net adds weren't the only thing to increase. Sales were
also on the rise, hitting $79.9 million in the fourth quarter compared
to $20.49 million last year. The sales increase helped to offset the
company's heavy spending on its network build, narrowing its losses to
$98.73 million from $118.02 million last year.
Clearwire CEO Bill Morrow was optimistic about the company's wholesale
services, whose customers include investors Sprint, Comcast and Time
Warner Cable. He also expects the company's network expansion to triple
its 4G subscriber levels over the next year. Clearwire plans to cover
120 million people by the end of 2010, up from 44.7 million by the end
of 2009.
Retail ARPU, currently at $39.86, is expected to remain flat in 2010.The
company expects to spend between $2.8 billion and $3.2 billion to build
out its mobile WiMAX over the next year.
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