Deutsche Telekom, parent of U.S. mobile operator T-Mobile, is holding talks about gaining access to spectrum controlled by Clearwire and MetroPCS as a way to build out 4G wireless service, according to Bloomberg, which cites “two people familiar with the matter.”
Clearwire today announced the launch of its a developer version of 4G service in the Bay Area. The developer version of the WiMax-based network covers “more than 20 square miles” in Santa Clara, Mountain View and “parts of downtown” Palto Alto.
Clearwire isn’t the easiest company to analyze; still in a development stage, and now combined with the old Sprint Xohm business, trying to draw conclusions from the WiMax-based wireless carrier’s financial results is challenging, to say the least. But here’s what I can tell you about the company’s Q4 results, which were reported after the close…
Google today reported a year-over-year decline in fourth-quarter profit, hurt by $1.09 billion in write-downs related to AOL and Clearwire. Operating earnings rose, however, and revenue climbed 18 percent to $5.70 billion from the year-earlier period. Google’s revenue, excluding traffic-acquisition costs, was $4.22 billion, above the Thomson Reuters estimate of $4.12 billion. Earnings per share, excluding certain items, was $5.10, beating estimates. The company also announced plans for an options exchange program for workers whose stock options are underwater.
Last week, President-elect Barack Obama’s call for a delay in the Digital TV transition, long scheduled for February, sent tech and telecom firms into a tizzy….Among those with a vested interest in the debate over a DTV delay is Clearwire, which has been racing to deploy its 4G WiMAX networks ahead of competitors wedded to the LTE standard.
Clearwire shares are down sharply this morning after negative comments from analysts at J.P. Morgan and Stanford Group. Though its stock saw a lift yesterday following the completion of its deal to acquire Sprint’s Xohm wireless broadband business, the concern is that the company needs substantially more capital and that the intensely competitive landscape will overshadow its technological advantages.
A plan to combine Sprint’s Xohm network with Clearwire’s WiMax network was approved today by the FCC. The Justice Department will allow the deal to proceed, though it will continue to monitor the situation. A sigh of relief was heard from within both legacy companies and from investors in the newly combined company–which include Google, Intel, and a group of cable companies.
Wimax broadband Internet service provider Clearwire (CLWR) last evening reported second-quarter sales for the June-ending period that beat estimates, at $58.56 million, versus $54.2 million. Excluding some costs, the company’s net loss was 98 cents per share, according to an email I received from a company representative.
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