Clearwire gains subscribers, remains in the red

18.02.2011
Clearwire gained 1.5 million subscribers in the fourth quarter of 2010 and more than doubled its revenue, but lost US$128 million, the mobile WiMax operator announced on Thursday.

The company ended the year with 4.4 million subscribers, up from 688,000 a year earlier. About 1.1 million of those were customers of Clearwire's own retail service, called Clear, while 3.3 million bought service on the WiMax network through partners such as Sprint Nextel and Comcast. The company collects far less revenue from wholesale than from retail subscribers and has previously disclosed disputes with Sprint over that revenue. In its financial press release Thursday, Clearwire said it believes a settlement of those issues with Sprint is imminent.