https://www.channelfutures.com/wp-content/themes/channelfutures_child/assets/images/logo/footer-new-logo.png
  • Home
  • Technologies
    • Back
    • SDN/SD-WAN
    • Cloud
    • RMM/PSA
    • Security
    • Telephony/UC/Collaboration
    • Cable
    • Mobility & Wireless
    • Fiber/Ethernet
    • Data Centers
    • Backup & Disaster Recovery
    • IoT
    • Desktop
    • Artificial Intelligence
    • Analytics
  • Strategy
    • Back
    • Mergers and Acquisitions
    • Channel Research
    • Business Models
    • Distribution
    • Master Agents
    • Sales & Marketing
    • Best Practices
    • Vertical Markets
    • Regulation & Compliance
    • Diversity & Inclusion
  • MSSP Insider
  • MSP 501
    • Back
    • Apply Now
    • 2020 MSP 501 Rankings
    • 2020 Hot 101 Rankings
    • 2020 MSP 501 Report
  • Intelligence
    • Back
    • Galleries
    • Podcasts
    • Videos
    • From the Industry
    • Reports/Digital Issues
    • Webinars
    • White Papers
    • Channel Educational Series
  • EMEA
  • Channel Chatter
    • Back
    • People on the Move
    • New/Changing Channel Programs
    • New Products & Services
    • Industry Honors
    • Channel Convergence
  • Resources
    • Back
    • Advisory Boards
    • Industry Organizations
    • Our Sponsors
    • Content Resources
  • Awards
    • Back
    • 2021 MSP 501
    • Circle of Excellence
    • Excellence in Digital Services
    • Top Gun 51
  • Events
    • Back
    • CP Conference & Expo
    • Channel Evolution Europe
    • Channel Partners Event Coverage
    • Webinars
    • Industry Events
  • DE&I
Channel Futures
  • NEWSLETTER
  • Home
  • Technologies
    • Back
    • SDN/SD-WAN
    • Cloud
    • RMM/PSA
    • Security
    • Telephony/UC/Collaboration
    • Cable
    • Mobility & Wireless
    • Fiber/Ethernet
    • Data Centers
    • Backup & Disaster Recovery
    • IoT
    • Desktop
    • Artificial Intelligence
    • Analytics
  • Strategy
    • Back
    • Mergers and Acquisitions
    • Channel Research
    • Business Models
    • Distribution
    • Master Agents
    • Sales & Marketing
    • Best Practices
    • Vertical Markets
    • Regulation & Compliance
    • Diversity & Inclusion
  • MSSP Insider
  • MSP 501
    • Back
    • Apply Now
    • 2020 MSP 501 Rankings
    • 2020 Hot 101 Rankings
    • 2020 MSP 501 Report
  • Intelligence
    • Back
    • Galleries
    • Podcasts
    • Videos
    • From the Industry
    • Reports/Digital Issues
    • Webinars
    • White Papers
    • Channel Educational Series
  • EMEA
  • Channel Chatter
    • Back
    • People on the Move
    • New/Changing Channel Programs
    • New Products & Services
    • Industry Honors
    • Channel Convergence
  • Resources
    • Back
    • Advisory Boards
    • Industry Organizations
    • Our Sponsors
    • Content Resources
  • Awards
    • Back
    • 2021 MSP 501
    • Circle of Excellence
    • Excellence in Digital Services
    • Top Gun 51
  • Events
    • Back
    • CP Conference & Expo
    • Channel Evolution Europe
    • Channel Partners Event Coverage
    • Webinars
    • Industry Events
  • DE&I
    • Newsletter
  • REGISTER
  • MSPs
  • VARs / SIs
  • Agents
  • Cloud Service Providers
  • Channel Partners Events
 Channel Futures

Mobility & Wireless


Clearwire Pursues More Funding as Losses Mount

  • Written by Josh
  • February 18, 2011
The company ended the fourth quarter with roughly 4.4 million subscribers, most of whom are wholesale customers through Clearwire's relationships with Comcast, Sprint Nextel and Time Warner Cable.

Losses to continue to pile up at Clearwire, the Kirkland, Wash.-based company that is building a nationwide, fourth-generation wireless network.

In its fourth-quarter earnings Thursday, Clearwire reported that the net loss attributable to the company grew year over year from $98.7 million, or $0.55 per basic share, to $128 million, or $0.53 per basic share. There was good news, though, as revenues rose 126 percent to $180.7 million.

Backed by some of the biggest names in the U.S. communications and technology fields, Clearwire continues to seek out additional funding as it builds out a nationwide 4G network that is based on WiMAX technology. As of mid February, Clearwire operated 4G networks that reached approximately 119 million people.

The company said it is examining a number of funding and other strategic alternatives, including potential strategic transactions, additional debt or equity financings and/or asset sales.” Clearwire has received offers to purchase excess spectrum that it holds, but the company said it is still evaluating whether to proceed with a sale.

Clearwire ended the fourth quarter with roughly 4.4 million subscribers, including 1.1 million retail customers and 3.3 million wholesale customers through its relationships with Comcast, Sprint Nextel and Time Warner Cable. The mobile operator said it expects to bring its total number of customers to 8.8 million by the end of the year, with the majority of those customers consisting of wholesale subscribers. 

Despite this strong growth, our current plans and funding dictate that we remain prudent with our spending,” Clearwire CEO Bill Morrow said. This year, we plan to focus on improving the operating performance of our business by aggressively growing our wholesale business and reducing expenses.”

Morrow added that the company expected to achieve positive EBITDA (earnings before interest, taxes, depreciation and amortization) during 2012 and potentially generate positive cash flow without additional funding.

Significant network expansion in the near term, however, remains contingent upon additional funding,” Morrow said. 

Clearwire also disclosed in its earnings announcement that it is close to resolving a dispute with its partner and investor Sprint over wholesale pricing issues. 

Shares of Clearwire (CLWR) were trading this morning at $5.36 on the NASDAQ and have ranged in price over the last 52 weeks from a high of $8.82 and low of $4.63.

Strategic investors in Clearwire include Intel Capital, Comcast, Sprint, Google, Time Warner Cable and Bright House Networks. 

Tags: Agents Mobility & Wireless

Related


  • Women's hands joined together
    Female Founders, Investors Propel Spekit's Disruptive Technology
    The company’s in-app training platform is redefining how employees learn and retain knowledge in the workplace.
  • Momentum SIP
    MicroCorp Joins Intelisys, Telarus as Ujet Partner
    Ujet has also recently partnered with Intelisys and Telarus.
  • Ransomware
    Sierra Wireless Ransomware Attack Shuts Down Operations, Production
    Sierra Wireless discovered the ransomware attack on its internal IT systems on March 20.
  • IPO
    Watch Out Cisco, RingCentral, 8x8: Intermedia Going Public
    Intermedia has laid the groundwork for an IPO over the past five years.

Leave a comment Cancel reply

-or-

Log in with your Channel Futures account

Alternatively, post a comment by completing the form below:

Your email address will not be published. Required fields are marked *

Related Content

  • 8x8 Contact Center Integrates with Microsoft Teams
  • Dialpad-T-Mobile Team-Up 'More Than Just a Reseller Partnership'
  • AT&T Gives Business Customers Fixed Wireless 5G Options
  • Cradlepoint Pumps Up Channel Team, Snags Juniper, Cisco, RSA, VMware Alums

Galleries

View all

10 Ways to Keep Customers Safe with Threat Protection by Year’s End

April 9, 2021

Industry Perspectives

View all

Why Every MSP Should Consider TCO When Selecting a BCDR Solution

April 9, 2021

6 Ways to Ready Your Customers for 5G Security Challenges

April 5, 2021

Endpoint Security Is Huge in the Merging New World of Work

April 2, 2021

Webinars

View all

Top 3 Intel Security Technologies To Help Against Advanced Cybercrime Attacks

April 15, 2021

What to Look For: 2021 Threat Report

April 22, 2021

Health Care and SD-WAN: A Seller’s Guide

April 27, 2021

White Papers

View all

Top Tips: How Resellers Can Leverage Rackspace to Enhance Customer’s Cyber Security Protection with Microsoft 365 Security

March 30, 2021

Top Tips: Optimize Your Microsoft 365 Investment with Rackspace Technology

March 30, 2021

The Smart Approach to Cloud Workload Placement Decisions

March 19, 2021

Upcoming Events

View all

Channel Partners Conference & Expo

November 1, 2021 - November 4, 2021

MSP Summit

November 1, 2021 - November 2, 2021

Channel Evolution Europe

November 30, 2021 - December 1, 2021

Videos and Fastchats

View all

FASTCHAT: How Fortinet Reduces Complexity Through Networking, Security

Strong Customer Experience Needs Strong Partner Experience

December 22, 2020

Happy Holidays from Channel Partners & Channel Futures!

December 21, 2020

2021 Excellence in Digital Services Awards App Open

December 9, 2020

Twitter

ChannelFutures

Anti-Asian racism, and racism and discrimination of all forms, have zero place in our society. #StopAsianHate and t… twitter.com/i/web/status/1…

April 9, 2021
ChannelFutures

MSSP @inc_renaissance promotes Trish Kapos to channel chief. #cybersecurity dlvr.it/RxLQ6g https://t.co/oWCdHeRqIW

April 9, 2021
ChannelFutures

.@GetSpectrum ordered to pay @Windstream more than $19 million for deceptive mailer. #lawsuit… twitter.com/i/web/status/1…

April 9, 2021
ChannelFutures

.@Percona says channel can help with #opensource solutions and #databases for everything from aspirational to must-… twitter.com/i/web/status/1…

April 9, 2021
ChannelFutures

Our latest #Cybersecurity Roundup features @HuntressLabs on @Microsoft Exchange exploitation, @ptsecurity,… twitter.com/i/web/status/1…

April 9, 2021
ChannelFutures

.@SemperisTech unveils first branded partner program. #cybersecurity dlvr.it/RxH4Bq https://t.co/TVjG8xhGNv

April 8, 2021
ChannelFutures

.@PerchSecurity announces its 2021 MSP Threat Report, calling on MSPs to build a mature cybersecurity practice.… twitter.com/i/web/status/1…

April 8, 2021
ChannelFutures

.@Bitdefender unveils enhanced partner program. #cybersecurity dlvr.it/RxGk3T https://t.co/o70VS1Hn7w

April 8, 2021

MSSP Insider

Business advice for MSSPs and news from the broader security channel.

Newsletters and Updates

Sign up for The Channel Report, Channel Futures Update, MSP 501 Newsletter and more.

Live Channel Events

Get the latest information on the next industry-leading Channel Partners event.

Galleries

Educational slide shows and images from live events.

Media Kit And Advertising

Want to reach our audience? Access our media kit.

DISCOVER MORE FROM INFORMA TECH

  • Channel Partners Events
  • Telecoms.com
  • MSP 501
  • Black Hat
  • IoT World Today
  • Omdia

WORKING WITH US

  • Contact
  • About Us
  • Advertise
  • Newsletter

FOLLOW Channel Futures ON SOCIAL

  • Privacy
  • CCPA: “Do Not Sell My Data”
  • Cookie Policy
  • Terms
Copyright © 2021 Informa PLC. Informa PLC is registered in England and Wales with company number 8860726 whose registered and Head office is 5 Howick Place, London, SW1P 1WG.
This website uses cookies, including third party ones, to allow for analysis of how people use our website in order to improve your experience and our services. By continuing to use our website, you agree to the use of such cookies. Click here for more information on our Cookie Policy and Privacy Policy.
X