Clearwire Posts Second-Quarter Loss of Nearly $200 Million

Another quarter, another big loss for high-speed internet provider Clearwire LLC (CLWR).

The company reported losing $199.1 million between April 1 and June 30. But it isn’t all doom and gloom. Clearwire says revenues grew because more customers are signing up. They’re likely interested in the deployment of the company’s first mobile WiMAX network in the coming months. That deal with Sprint Nextel still needs the approval of the government and Clearwire’s shareholders.

Losing money isn’t something new for the Kirkland, Wash.-based operator. The company lost nearly $120 million during the same time period last year.

Source

Unstrung: Clearwire Loss Grows as Revenue Rises

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