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Got cash? Clearwire inspiring speculation

Thu, 02/12/2009 - 7:40am
Brian Santo

Sprint’s cash-strapped status continues to fuel speculation that subsidiary Clearwire is in similar straits.

Clearwire CEO Ben Wolff has noted that credit markets are tight, and that prompted an article from Bloomberg (story here) that the company might not have access to enough funds to keep to its ambitious rollout schedule.

Part of the attraction of WiMAX is that it is deployable today. If Clearwire were to establish a wide footprint, that could help undermine the prospective success of Long Term Evolution (LTE), the high-speed broadband service only now being planned by cellular network operators.

Most of the information so far amounts to the reading of tea leaves. Some look at Nortel’s dropping its WiMAX program and Nokia Siemens ceasing production of a WiMAX handset as signs that WiMAX is not going well in the U.S., though on a worldwide basis, the technology continues to gradually take hold.

Intel, a prominent backer of Clearwire, suggests concerns about the WiMAX purveyor’s financial situation are overblown, however. The Wall Street Journal quoted Intel Chief Sales and Marketing Officer Sean Maloney as saying: “They've got enough money to keep going for quite a while. They've got a pretty fat piece of capital to go out and build the network.” (Story here; subscription required.)

More Broadband Direct 02/12/09:
•  Charter Communications to file Chapter 11
•  Stocks fall as investors ask: Will stimulus work?
•  FCC blocks Feb. 17 DTV switch for 123 stations
•  Got cash? Clearwire inspiring speculation
•  Dish Network CEO tries to one-up Sirius XM
•  Arris posts strong Q4, but lower estimates
•  Feeva adds addressable ad support to Cisco router
•  Vecima posts 34% increase in Q2 revenues
•  Tekelec intros next-gen Eagle platform
•  Ericsson to debut home gateway software
•  Juniper, Nokia Siemens partner on Carrier Ethernet
•  Broadband Briefs for 02/12/09

 

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