Clearwire CEO John Stanton has said that the WiMAX operator will not consider selling its spectrum in 2011, despite the company posting a net loss of almost US$227m in its Q1 results on 4 May.
Stanton was quoted saying that spectrum was rising in value,…
Clearwire CEO John Stanton has said that the WiMAX operator will not consider selling its spectrum in 2011, despite the company posting a net loss of almost US$227m in its Q1 results on 4 May.
Stanton was quoted saying that spectrum was rising in value, and that the company did not need to consider selling it in 2011. While it had received offers for its spectrum, Clearwire had raised enough cash this year to get by without a sale.
Clearwire, in which Sprint Nextel holds a 54% stake, has a relatively large amount of spectrum compared to its competitors.
According to Bernstein Research figures published by AT&T, Sprint/Clearwire holds 3.72MHz per subscriber, compared to AT&T’s 0.86 per subscriber.
Clearwire’s net loss for Q1 2011 was almost US$227m, compared to a net loss of US$92m in the same period in 2010. But subscriber numbers rose by 1.8m to 6.15m. At the end of Q1 2010, subscribers numbered just 971,000.
