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Clearwire flips to profit, adds customers as LTE underway

updated 09:35 pm EST, Tue January 24, 2012

Clearwire starts recovering with cost cuts

Clearwire on Tuesday showed a significant recovery from near death with early estimates of its results. It swung from a loss in the summer to net positive earnings in the fall, owed directly to adding more subscribers and cost-cutting. The 4G provider expected to have gained 900,000 total customers, or an 11 percent jump just in one season.

Raw revenue intake had doubled from a year ago to $362 million.

The company is still facing a long-term battle and has offered $300 million in stock to help fund a transition to LTE-based 4G. If successful, however, it promises to both compete with AT&T and Verizon as well as raise the possibility of Clearwire becoming a full phone carrier instead of the data-only service dictated by the natures of WiMAX and current LTE.




by MacNN Staff

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Comments

  1. facebook_James

    Via Facebook

    Joined: Jan 2012

    0

    I'm a fan of Clear

    I've been using them for almost a year to provide free high speed WiFi at my restaurant in Kirkland WA and have been very happy. I only had one small problem and they swapped out my modem and it's been "CLEAR" sailing since then. :-)

    I also use them for phone with good results and have one of their small portable pucks (not a fan of the puck - antenna is too small to pick up a good signal all the time). The price is great and the few times I've dealt with customer service I've been very pleased. Glad to see they are growing.

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