January 25, 2012 12:53 am EDT

Clearwire Q4: revenues up, costs down, LTE expensive

Things are looking up at Clearwire, its Q4 revenue came in just over Wall Street's estimates at $362 million, split between $198 million retail and $164 million wholesale -- with the latter figure up 20 percent over the last quarter. It pointed a finger at increased smartphone usage and slashed operating costs (spending only $82 million) as the reason for the bump. With this being Clearwire, it's still in the business doldrums, relying on handouts from Sprint to keep it going. It's planning to flog off around $300 million of debt to "qualified investors" as a way to ensure sufficient funding for the forthcoming LTE rollout. If you're interested in this sort of thing, you can read the full breakdown after the interval, presumably storming around pretending that you're Gordon Gekko.

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Clearwire Q4: revenues up, costs down, LTE expensive originally appeared on Engadget on Tue, 24 Jan 2012 19:53:00 EDT. Please see our terms for use of feeds.

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