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Clearwire’s push to become the first nationwide mobile WiMAX carrier in the US has apparently put a dent in the company’s finances. Despite adding 25,000 new customers in Q1 2009, bringing Clearwire’s subscriber-base to a cool half-million (500,000) customers, Clearwire has posted a $71 million loss for the first quarter of 2009. Still, the fiscal loss is an improvement compared to Clearwire’s loss of $76.4 million in the year-ago quarter.
As Clearwire ramps up deployment of their WiMAX network in the US, the company expects to see churn rate increase. But, if Clearwire can maintain the kind of growth that helped deliver $62.1 million in sales, a 21% increase from the previous year’s Q1, the WiMAX operator may see their finances turning around. It’s just a matter of getting their nationwide WiMAX network online and ready to take on HSPA+ and LTE networks from AT&T and Verizon Wireless.
[Via: CellularNews]
About The Author
Will Park
Will hails from The City of Angels - Los Angeles, California. He spends his time playing with his numerous gadgets and looking forward to seeing what future holds for mobile technology. An avid promoter of a fully "digital" life, he promotes the widespread adoption of truly mobile, paper-less living. He dreams of the day when he can go completely digital. No more snail mail, paper receipts, bound books, notepads/spiral notebooks, credit cards, hard currency. He's a digital warrior - fighting for the converged life. He is an idealist and a realist - he has a perfect view of what the world should be but knows that the world is not perfect. Can we ever hope to see Will's dream become reality? We'll see...
