clearwire

The chairman of Clearwire's board of directors will resign his position today, according to a filing with the Securities and Exchange Commission.

Craig McCaw, who served as chairman for two years, did not resign over any disagreements with the company or over any matters pertaining to the company's operations or practices, according to the filing.

The company, which has visions of being a major player in the 4G wireless space, has been adding subscribers at a rapid clip as the WiMax technology has rolled out into cities. But the company has also hit a cash crunch and, last … Read more

As competition in the 4G wireless market heats up, Clearwire has finalized a deal to create more funding so it can continue building its nationwide 4G wireless network.

It also has released a new product.

The company said today it plans to sell more than $1.1 billion in a debt offering. The company has spent months negotiating and looking for ways to inject more money into the business. The company said last month that without new funding it might not be able to continue building its nationwide WiMax 4G wireless network.

Clearwire is majority owned by Sprint Nextel, the … Read more

Clearwire has expanded its 4G service to five more markets.

Starting today, customers in Los Angeles, Miami, Cincinnati, Cleveland, and Columbus, Ohio, can access Clearwire's 4G service.

The addition of 4G coverage to those cities isn't much of a surprise. Earlier this year, Clearwire said it planned on bringing its service to the cities, but didn't provide an exact time frame for the rollout. The company also said at the time that it hopes to cover 120 million people across the United States by year's end.

But if it wants to hit that mark, it has … Read more

Clearwire is adding subscribers at a rapid clip as its 4G network hits more major cities, but the company's balance sheet has taken a big hit. Now Clearwire needs funding pronto.

First the good news, the company said it added 1.23 million new subscribers in the third quarter to end with 2.84 million. Those gains have the company projecting more than 4 million subscribers by the end of the year.

But those gains come at a hefty cost that will require Clearwire to cut 15 percent of its workforce, trim marketing spending and delay plans for more … Read more

As promised, Sprint and its partner Clearwire turned on 4G service in all five boroughs of New York City on Monday, as well as five other markets: Tampa, Fla., Trenton and New Brunswick, N.J., and Hartford and New Haven, Conn.

Now, owners of 4G devices, such as the HTC Evo 4G and Samsung Epic 4G, can take advantage of Clear's WiMax network, which promises average download speeds of 3Mbps to 6Mbps with bursts of up to 10Mbps. We just fired up the Samsung Epic 4G here in Midtown Manhattan and were able to connect to the network with … Read more

Apple giveth (the Ginsu Book) and then it taketh: We discuss a gaping security hole in FaceTime and Apple's dis to Java developers. Also, GE launches hybrid lightbulb, Clearwire demos 100 gigabit LTE, and the mysterious space hot tub of Upsilon Andromedae b.

CHICAGO--Clearwire is getting near 100Mbps downloads on its LTE-based trial wireless network in Phoenix, a company executive said today.

During a keynote presentation here at the 4G World trade show, Michael Sievert, Clearwire's chief commercial officer, shared initial speed test results on a trial network the company has built in Phoenix to test the next generation of a 4G technology called LTE, or Long Term Evolution. Clearwire announced it was testing LTE network technology in Phoenix in August.

According to Sievert, the company has clocked download speeds at 50 megabits per second using 10MHz channels for up and down … Read more

Sprint Nextel executives have stepped down from their posts as Clearwire board members, Clearwire said Thursday. The move could clear the way for other investors in Clearwire, which is currently building a nationwide 4G wireless network.

Clearwire said today that Sprint CEO Dan Hesse and two other top Sprint executives--Keith Cowan and Steven Elfman--have resigned from Clearwire's board of directors. The company will name temporary members to the board. There are four Clearwire board members Sprint previously appointed who are remaining on the board.

Clearwire is a joint venture among several big companies. Sprint is the largest stakeholder owning … Read more

MetroPCS Communications opened its second 4G LTE market today, this one in the Dallas-Forth Worth area.

The new service follows the carrier's initial 4G LTE (Long Term Evolution) launch in Las Vegas last week. As in Vegas, the Dallas-Forth Worth service will offer prepaid monthly plans starting at $55, which include unlimited talk, text, and data, and require no contract.

But Dallas-Forth Worth customers will also get a few additional features. MetroStudio, available through the $60 monthly plan, will offer downloads and ringtones as well as video content from NBC Universal and other providers, MetroPCS said. A new combined … Read more