Time Warner is eliminating 1,250 jobs, recorded a quarterly loss of $16 billion and recently wrote down its investment in Clearwire, but the cable provider said it plans to make "meaningful progress" in defining its wireless strategy with the WiMAX operator.
"We do see opportunities over time to offer a broad array of services to a variety of devices over both wired and wireless transmission technologies," Time Warner President and CEO Glenn Britt said during the company's fourth-quarter conference call. "As part of this, we plan to roll out an initial offering in conjunction with Clearwire in at least one city later this year."
Last month, Time Warner said its cable business would see a charge of about $350 million related to its Clearwire investment. Clearwire recently launched service in Portland, Ore., with pricing plans ranging from $20 per month for basic DSL-type service to a plan that combines home and mobile service for $60 per month.
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