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 Send to email | Clearwire (CLWR) Sales Beat Street, Growth Ticks Down, Waiting For Sprint (S) in SCLWR |  By Silicon
el 12-May-2008 |
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 Clearwire's (CLWR) quarterly results won't matter much until after it combines with Sprint Nextel's (S) WiMax business later this year. But for what it's worth, the company reported decent Q1 results today. Shares are up 2% in after-hours trading, around $13.
Clearwire posted $51.5 million in Q1 revenue, up 76% year-over-year and handily beating the Street's $48.5 million consensus. EPS came in weaker than expected: a $1.08 loss versus the Street's $0.95 cents loss estimate.
Subscriber growth slowed a bit during Q1: The company added 48,000 net subscriber additions versus 52,000 during Q1 2007. Churn, the percentage of subscribers who leave the service each month, ticked up to 2.2%, from 1.6% a year ago. And Clearwire's cost-per-gross-addition increased 15% year-over-year to $393 from $343. These aren't great numbers/trends, but they won't kill Clearwire.
Again, not much about this company matters except its buildout and merger with Sprint, which the company expects to close in Q4. Once Clearwire blankets enough of the country in WiMax service and some decent WiMax devices are available, we'll get a better sense about the company's long-term prospects.
See Also:
Sprint Nextel Affiliate iPCS Sues Sprint Over Clearwire Deal, Wants In
Is Sprint-Clearwire Doomed From The Start?
Sprint, Clearwire Join Cable, Tech Companies For WiMax JV
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| Sprint and Clearwire finalize merger, spread of WiMax to follow soon |  After receiving approval from the FCC and shareholders, the Sprint and Clearwire merger has been finalized. Sprint has gone and contributed all its Xohm WiMax assets to Clearwire, and in addition, Clearwire has received $3.2 billion worth of investments from companies such as Comcast and Google. The merger will allow Sprint to shift its focus [...] [..] Read complete article | | Published 29-Nov-2008 by Marc Flores in GeneralNewsSprintWiMaxClearWireFCCSprint Clearwire mergerXOHM
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| Comcast, Time Warner Cable To Fund Sprint-Clearwire WiMax Venture? | | Comcast and Time Warner Cable, the two biggest U.S. cable companies, are in talks to fund a wireless joint venture that would be run by Sprint Nextel and Clearwire, the Wall Street Journal reports ($).
According to the plan, Comcast (CMCSA) would kick in $1 billion, Time Warner Cable (TWC) would contribute $500 million, and Bright House, Google (GOOG), and Intel (INTC) could also fund th [..] Read complete article | | Published 25-Mar-2008 by Silicon in SVZCLWRTWCTCMCSAINTCGOOG
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