Clearwire Corp., the high-speed wireless provider with a mix of retail and wholesale customers, on Thursday revealed the names of several U.S. cities where it will introduce its TDD-LTE network during the first half of 2013.
Those cities include Chicago, Los Angeles, New York City, San Francisco and Seattle, Clearwire revealed the same day it announced its first-quarter earnings.
“We’re positioned to bring much needed capacity on a wholesale basis to address the unbridled demand for mobile data and the scarcity of spectrum in major urban areas and suburban markets,” Clearwire CEO Erik Prusch said in a statement.
Clearwire picked up 560,000 subscribers in the first quarter, most of whom were wholesale additions (537,000) rather than new retail subscribers (49,000).
Still, retail revenues ($204.8 million) were significantly higher than wholesale revenues ($117.8 million). Although wholesale revenues rose 93 percent over the year-ago quarter, they declined 28 percent compared to the fourth quarter of 2011. Clearwire said the sequential decline reflected the terms of a new WiMAX agreement with Sprint Nextel Corp, its investor and biggest customer.
Total revenues ($322.6 million) rose 36 percent over the year-ago quarter ($236.8 million) while the net loss attributable to Clearwire Corp. fell to $181.8 million from $227 million.
Master agents are really into geographical expansion and portfolio diversification this year. https://t.co/BSa0EAe7Bf
October 23 2018 @ 17:53:03 UTC