Finally some good news for Clearwire (NASDAQ:CLWR): The company announced it signed another wholesale deal, this time with prepaid MVNO Locus Telecommunications. Locus, which currently resells long distance and wireless services, said it will add prepaid WiMAX data services to its portfolio using the Clearwire mobile WiMAX network.
Locus currently sells its prepaid wireless and long distance services in more than 70,000 locations nationwide, and counts more than 300,000 prepaid wireless customers. It expects to begin reselling Clearwire's mobile WiMAX data service later this year. The companies did not provide pricing details.
Clearwire sells pay-as-you-go mobile WiMAX service under its Rover brand for $50 per month.
Last month Clearwire CEO Bill Morrow resigned and was replaced on an interim basis by Chairman John Stanton. In addition, the company has foundered recently as it searches for fresh funding. Morrow said in February that the company will announce new funding plans in the second quarter. Sprint Nextel (NYSE:S) CEO Dan Hesse said Sprint, the majority owner of Clearwire, has not committed to providing more funding for Clearwire, but maintains that all of Sprint's 4G options include Clearwire as a component.
Best Buy, another Clearwire wholesale partner, started reselling Clearwire's mobile WiMAX service via its Best Buy Connect brand late last month. Best Buy priced the service at $45 per month. Best Buy and Clearwire announced their partnership in July.
For more:
- see this release
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