Clearwire Q1 sales up 36%, EBITDA losses narrow to USD38m

27 Apr 2012

US WiMAX broadband operator Clearwire has reported a 36% year-on-year rise in first-quarter revenues to USD323 million, while its adjusted EBITDA loss narrowed to USD38 million in the three months ended 31 March 2012, compared to USD210 million in Q1 2011. Quarterly net loss stood at USD183 million, down from USD227 million twelve months previously. Clearwire added 586,000 net new subscribers in January-March 2012, with the lion’s share, 576,000, served via wholesale partners including Sprint and other operators, giving Clearwire a total of 11.0 million subscribers, up by 80% y-o-y, including 1.3 million retail customers.

Meanwhile, Clearwire said that it would launch a TDD-LTE-based wireless broadband network in 31 cities in the first half of 2013, including New York, San Francisco, Los Angeles, Chicago and Seattle.

United States, Clearwire, Sprint Corporation (now part of T-Mobile US)