Clearwire expects 30 million subs by 2017
Clearwire executives told investors this morning that the "new" Clearwire will have 30 million customers and will generate $17.5 billion in annual revenue by 2017. Scott Richardson, Clearwire chief strategy officer, said that Clearwire subscribers will use a mixture of fixed and mobile voice and data services.
In May, the new Clearwire was formed by Sprint and the existing Clearwire, along with $3.2 billion in financing from Comcast, Time Warner Cable, Intel, Google, Bright House Networks and Trilogy Equity Partners. Clearwire CEO Benjamin Wolff assured investors that the new Clearwire will not be controlled by Sprint. The carrier will have seven of the 13 seats on the Clearwire board but one of those seats must be an independent director. In addition, Wolff provided more details on how companies such as Sprint, Comcast and others will resell Clearwire's service to subscribers.
For more:
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Comments
Posted by Anonymous | June 12, 2008 - 9:57pm
Quite a bold statement since they said in their Q1 analyst call they only had 433,000 paying subscribers. Not to mention they have accumulated losses of over $1 billion today. But Perry Satterlee said it wasn't as bad as the $18 billion losses they had to build out Nextel. Only problem here is I think their estimated build-out cost of $2.3 billion is way too low.
Paul Lopez
Posted by Anonymous | June 18, 2008 - 6:10pm
We here at Clearwire are very excited about the future of the company and this deal. Should be a great partnership.
