Printed from http://www.electronista.com

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 Electronista Staff
toggle

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.

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Cambridge Audio DacMagic XS

Every computer with a microphone or headphone port has one -- a digital to analog converter (DAC). There are nearly as many chipsets a ...

D-Link Wi-Fi Smart Plug

Home automation fans have been getting their fair share of gadgets and accessories in the last few years. Starting with light bulbs, a ...

Razer Kraken Pro headset

Gaming headphones are a challenge to get right, for a long list of reasons that are unique to the consumer buying them. Some shoppers ...

Sponsor

toggle

Most Commented

 
toggle

Popular News