US WiMAX operator Clearwire released its Q1 figures on Wednesday, saying it has added 1.8m new subs in the period, with pro forma revenues up 142 per cent year-on-year to $258m.
So, has news of the death of WiMAX been greatly exaggerated? Erik Prusch, COO for Clearwire:
"Looking ahead, we expect to work closely with Sprint and all of our other wholesale partners to expand our 4G leadership and capitalize on our rich spectrum holdings that enable us to meet the exploding customer demand for mobile broadband internet access. Since the beginning of the year, our network has experienced a 40 per cent increase in network usage due to expanded coverage, record subscriber growth and higher usage per device. Only Clearwire has the capacity required to deliver a truly next generation wireless broadband experience."
And here’s the company’s new outlook for 2011:
“Clearwire now expects to end 2011 with approximately 9.5 million subscribers, with most of those subscribers coming from its wholesale business. The Company continues to expect capital expenditures in 2011 to be less than $400 million. This year Clearwire also expects to aggressively implement additional cost efficiencies aimed at improving cash flow and achieving positive EBITDA in 2012.”
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