WiMAX vendor Alvarion announced a loss for the third quarter thanks to slower sales but the company said sales should improve in the fourth quarter.
However, Alvarion isn't providing any detailed guidance for the fourth quarter because the timing of revenue from various projects can't be predicted accurately, the company said. Alvarion posted a quarterly net loss of 9 cents per share excluding one-time items. The year-ago period the company reported zero cents per share. Revenue decreased 7.5 percent to $54 million from a year ago, but it was up 10.2 percent from the second quarter.
In related news, KeyOn Communications Holdings selected Alvarion to supply WiMAX throughout rural communities in Nevada. KeyOn was granted a $10.2-million broadband stimulus award for the project. Initially KeyOn will be deploying more than $3 million worth of Alvarion's BreezeMAX WiMAX equipment and expects increased purchases of equipment with the anticipated growth in subscribers. The network will utilize the 3.65 GHz spectrum band where KeyOn holds a nationwide, non-exclusive license.
Alvarion also won a deal with Italian wireless operator, Linkem, to expand its WiMAX network to provide wireless broadband coverage to six more regions. Last month Alvarion won a $75-million deal with Canadian rural broadband internet firm Barrett Xplore. President and chief executive Eran Gorev said Alvarion will begin garnering significant revenue from the project in 2011.
- see this Reuters article
- read this release
- take a look at this FierceWirelessEurope post
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