Clearwire Corporation (NASDAQ: CLWR) today reported preliminary third quarter 2011 results.
- Record quarterly revenues of approximately $332 million representing an increase of approximately 126% year over year
- Net wholesale subscriber additions are expected to approximately 29% sequential growth in ending wholesale subscribers
- Improved Adjusted EBITDA loss by more than 50% in third quarter 2011 as compared to pro forma Adjusted EBITDA loss in second quarter 2011
- Cash, cash equivalents and investments are expected to be approximately $700 million
4400 Carillon Point
Kirkland, WA 98033
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Clearwire is the pioneer in 4G and builder of the first 4G Network in the country.
The Clearwire 4G mobile broadband network now reaches 130 million people in the U.S. and covers over 70 of the top U.S. markets. Clearwire’s network expansion represents one of the fastest in history, and company’s 4G network is highly scalable and backed by a wealth of spectrum.
CLWR stock traded 4.6M shares as of 9:50 a.m. EST with posted gains of 16.9%.
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