), 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
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.
) (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.
Recently, Clearwire received two takeover bids of $2.97 and
$3.30 per share respectively, from Sprint and leading satellite
DISH Network Corp.
), 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
Currently, Clearwire Corporation carries a Zacks Rank #2
CHINA MOBLE-ADR (CHL): Free Stock Analysis
CLEARWIRE CORP (CLWR): Free Stock Analysis
DISH NETWORK CP (DISH): Free Stock Analysis
SPRINT NEXTEL (S): Free Stock Analysis Report
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