Despite raking in more revenue than expected, Clearwire's losses mounted in the second quarter as the company looked to add more customers, it said today. The company also announced a shift in technology direction, stating it will deploy a 4G flavor technology called LTE.
Clearwire posted a quarterly net loss of $168.7 million, compared with a loss of $125.9 million during the same quarter a year ago. The company's revenue jumped to $322.6 million, compared with $117 million in the same period last year.
The company, which is majority-owned by Sprint Nextel, added a total … Read more