Friday, March 06, 2009

Clearwire Loses $118M, Sticks to WiMAX Plan

Source: CNET News

Despite heavy losses, Clearwire is sticking to its plans to expand its WiMax wireless service to as many as 120 million people by the end of 2010.

The company, which was formed late last year by combining assets from Sprint Nextel and the original Clearwire, announced fourth quarter earnings Thursday. The company said it generated about $20.5 million in revenue and lost $118 million.

Read the complete CNET article here.

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