During its second-quarter earnings call, Clearwire executives revealed a few more details about the company's plans to partner with Sprint Nextel on the building and operating of a nationwide WiMAX network. Specifically, Clearwire identified certain markets and areas of the country where it will likely build its portion of the network.
Clearwire's regions are expected to include central and northern California, the Pacific Northwest, the Rocky Mountain region, portions of the Midwest and most of the South, Alaska, Hawaii and portions of New York, Pennsylvania and Texas. Sprint will be responsible for the remainder of the U.S.
Clearwire said that as a result of the transaction, its WiMAX network will cover between 13 million to 15 million people by the end of 2007, a decrease from the 16 million to 18 million expected prior to the Sprint deal.
In other earning's news, Clearwire said its subscribers topped 299,000 as of the end of second quarter, a 130 percent increase year-over-year. The operator's service is now available in 43 domestic markets. ARPU was $37.93, up from $34.35 in second quarter 2006. Likewise, revenue was $35.5 million up from $15.4 million the previous year. However, the company also reported a net second-quarter loss of $118.1 million, or 72 cents per share, from $76.8 million, or $1.01 per share a year earlier.
For more on Clearwire:
- read this press release
- see this MarketWatch article