Clearwire Sets Annual LTE Target - Analyst Blog
February 15 2013 - 12:50PM
Zacks
Clearwire Corporation (CLWR), which offers
mobile and fixed wireless broadband communication services to
retail and wholesale customers in the U.S. sets a target to roll
out 5,000 TD-LTE cell sites by the end of 2013.
Meanwhile, Clearwire slashed its previous guidance of rolling
out 5,000 cell sites by the first half of 2013, and has plans to
deploy 2,000 TD-LTE sites during the same period. Moreover, the
company will likely receive a series of prepayments amounting $350
million from Sprint Nextel Corp. (S) (having 48.1%
stake in Clearwire) over a two-year period if the former meets
certain LTE deployment target by June 2013.
Both Huawei Technologies Co. Ltd. and Samsung Corp. will be the
major TD-LTE equipment suppliers for Clearwire.
Earlier, Clearwire formed a venture combining its infrastructure
together with the wireless network of Sprint to install a
nationwide mobile phone and broadband Internet network using the 4G
WiMAX technology. With the competitive 4G LTE technology becoming
more robust and offering faster downlink, WiMAX gradually lost its
charm among the customers thereby becoming a loss making unit for
the company.
To stay in the race, Clearwire with its huge spectrum assets in
the 2.5 GHz band, which is widely used in the South-East Asian
countries to deploy TD-LTE technology, started testing with the
world’s largest telecom player China Mobile Ltd.
(CHL).
Recently, Clearwire received two takeover bids of $2.97 and
$3.30 per share respectively, from Sprint and leading satellite TV
operator DISH Network Corp. (DISH), respectively.
Both the offers look quite lucrative for Clearwire, as the company
requires a network partner to materialize its aim of deploying 4G
LTE technology across the country.
Currently, Clearwire Corporation carries a Zacks Rank #2
(Buy).
CHINA MOBLE-ADR (CHL): Free Stock Analysis Report
CLEARWIRE CORP (CLWR): Free Stock Analysis Report
DISH NETWORK CP (DISH): Free Stock Analysis Report
SPRINT NEXTEL (S): Free Stock Analysis Report
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