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Friday, October 26, 2012

Engadget: Clearwire sees wholesale revenues dip, LTE delays as it posts a $41.3 million net loss in Q3

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Engadget
Engadget
Clearwire sees wholesale revenues dip, LTE delays as it posts a $41.3 million net loss in Q3
Oct 26th 2012, 11:23

Clearwire sees wholesale revenues dip, LTE delays as it posts a $413 million net loss

Clearwire's figures show that the network it isn't cool to love will be making placating faces at its bank manager for yet another quarter. It pulled in revenues of $313.9 million for the three month period, but with business costs (and depreciation) clocking in at $646.7 million, the company posted an operating loss of $332 million and a net loss of $41.3 million. If that wasn't bad enough, it's also hacked back a target to add TD-LTE to 5,000 sites before mid-2013 to just 2,000. A similar problem has occurred over at newly-minted majority owner Sprint, which has found itself a quarter behind its own LTE timetable thanks to parts shortages -- so let's hope the folks over at Softbank can help both companies improve their estimating skills.

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Clearwire sees wholesale revenues dip, LTE delays as it posts a $41.3 million net loss in Q3 originally appeared on Engadget on Fri, 26 Oct 2012 07:23:00 EDT. Please see our terms for use of feeds.

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Written by Hasloo Network staff.