  Joint venture between, Sprint, Time Warner Cable and Comcast Corp, USA-based Clearwire has always been in the limelight as industry observers always cite its example when referring to potential of WiMAX services. The company till recently had to wade through rough weather in initial rollout phase. Bit it appears that the company has finally clicked the right momentum in notching up new subscribers.
A reflection of this gain is seen in the company’s recently published Q4 2009 results wherein it managed to narrow down loss from $ 118 million to $ 98.7 million in a year’s time. The loss is obvious as the company is on an expansion mode and is incurring significant capex on account of this.
Importantly revenues for the company increased by 34% to $ 79.9 million which is higher than what analysts projected at $ 76 million. Monthly ARPUs for the company rose from $ 39.70 to $ 39.86.
The company attributed the improving financial results to the increased growth in subscriber base for its WiMAX-based internet services. It now aims to triple its subscriber base from the existing 688,000 as it plans to expand its coverage to reach out to 120 million of the US population by this year. In Q4 it added 87,000 subscribers.
"Over the past year, Clearwire established its leadership in 4G mobile broadband services by building the largest 4G network in North America, raising additional financing to fuel our growth, supporting the 4G wholesale service launches for three of the most prominent communications companies in the U.S., and delivering solid financial results in a challenging economic environment," said Bill Morrow, CEO of Clearwire.
Revenues are coming in not only from retail subscribers but also from wholesale broadband services offered to other networks to carry their broadband traffic.
As part of its expansion it will invest $ 2.8 billion to $ 3.2 billion
Its services will now reach cities such as New York, San Francisco, Washington, D.C., Denver, Kansas City, Houston, Minneapolis.
Internet giant Google and chipmaker Intel have also invested in the firm. |