August 26, 2008: Clearwire financials and Google's only hope?
![]() Brian Dolan Editor |
Clearwire continues to dominate the WiMAX newscycle as SEC filings reveal two interesting financial metrics about the new Clearwire: First, current Clearwire shareholders will hold a $1.62 billion stake in the new company. Second, Clearwire said that it will have "adequate liquidity for at least the next 12 months." The company estimates that is has enough cash on hand for "operating losses, capital expenditures, working capital and current spectrum acquisition commitments" during that time period. That aside, Clearwire previously stated that it would need another $2 billion to $2.3 billion to roll out a nationwide mobile WiMAX network through 2010--but many analysts have pushed back on that range.
Meanwhile, a report over at MarketWatch speculates that Sprint's WiMax initiative with Clearwire is what will make or break Google's wireless ambitions with its Android platform. The report repeats longheld speculation that the new Clearwire will launch Android powered phones next year, but it fails to point to the first carrier that plans to launch Android in the U.S.: T-Mobile USA. T-Mobile is on track to launch by Q4 of this year, well before Sprint or Clearwire.
Sure: Google agreed to invest $500 million into the new Clearwire, but does that automatically make Clearwire its only mobile hope? That's far too heavy-handed.
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September 18, 2008: WiMAX's Role in the Mobile Internet Ecosystem October 30, 2008: WiMAX in the Middle East November 20, 2008: WiMAX Inside: The Evolution of WiMAX Enabled CE December 18, 2008: Digital Communities |



