Clearwire aims for two million subs by year end

6 May 2010

US WiMAX network operator Clearwire has announced that it saw ‘record-breaking’ subscriber growth in the first quarter of 2010 and expects to surpass two million subscribers before the end of the year. Announcing its first quarter results, Clearwire said revenue for the three months ended 31 March 2010 rose 72% to USD106.7 million, compared to the year-ago quarter. Net loss was USD94.1 million. It added 283,000 net new subscribers during the quarter, bringing its total to 971,000. In a statement CEO Bill Morrow said: ‘Customer demand for 4G services is truly making 2010 the year of mobile broadband, as always-on true mobile broadband keeps people connected to the information, services and applications that matter most. With record breaking subscriber growth, a robust wholesale ‘network of networks’ approach to 4G, and customer usage that far surpasses anything seen on 3G networks today, Clearwire is standing at the forefront of the next evolution in telecommunications and technology’.

During the first three months of 2010 Clearwire added Hawaii, Seattle and Carolina to its 4G footprint and, in recent weeks, has expanded to a further five new markets covering nearly five million people. This summer it expects to launch in 19 additional cities, including Kansas City, St. Louis, Salt Lake City and Washington, DC. It also reiterated its plans to launch in a number of other major markets by year’s end, namely New York City, Los Angeles, Boston, Denver, Minneapolis, the San Francisco Bay Area, Miami, Cincinnati, Cleveland and Pittsburgh, to give it coverage of 120 million people.

United States, Clearwire