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Clearwire losses widen as expenses mount

telegeography.com » 2010 » February » 25th » Clearwire losses widen as expenses mount

Tagged: usa, corporate financial

US WiMAX operator Clearwire has posted a net loss of USD423,900 for the three months ended 31 December 2009, up from a loss of USD277,700 in the same period a year earlier. The company attributed its continued losses to rising expenses incurred as it rolls out mobile WiMAX services in more markets nationwide. Operating losses jumped by 63% year-on-year as network deployments gather pace, up to … Continue Reading »

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