Clearwire to Put 2,000 LTE Sites on Air by End of June 2013

in News, Clearwire, TD-LTE, 4G, LTE

U.S. broadband service provider, Clearwire has revised its LTE deployment plan. Company now plans to have 2,000 LTE sites on air by the end of June 2013 and expects to start receiving Sprint prepayment installments in June 2013. Clearwire had earlier announced that its initial phase of the build will include 5,000 sites in 31 top tier markets including New York, San Francisco, Los Angeles, Chicago and Seattle.

Clearwire today reported its financial and operating results for third quarter 2012. Third quarter 2012 revenue declined slightly year over year to $313.9 million primarily due to a year over year decline in wholesale revenue. Clearwire ended third quarter 2012 with approximately 10.5 million total subscribers, up 10% from 9.5 million subscribers in third quarter 2011.

According to company, full year 2012 capital expenditures (capex) are now expected to total $125 to $175 million as compared to most recently provided guidance of $350 to $400 million. The decline in capex guidance is primarily due to the company's decision to defer a portion of its LTE build in order to better align capex with the expected receipt of LTE revenues. 

Third quarter 2012 capex of $34 million related primarily to ongoing maintenance of Clearwire's mobile WiMAX network and the deployment of our LTE network, and increased $10 million and $17 million, respectively, as compared to $24 million in second quarter 2012 and $17 million of capex in third quarter 2011.

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