Clearwire is adding new customers to its 4G wireless service, as the company announces a 72 percent growth in quarterly revenue. The company reported a loss or $94.1 million, or 47 cents per basic share. In the same quarter last year, it reported a loss of $71 million, or 37 cents per share. But the …
Read More »Marguerite Reardon
Clearwire expands 4G but major cities still left out
People living in some of the nation’s biggest cities in the U.S. will have to wait a little longer to get 4G wireless broadband service from providers using the new Clearwire network. Clearwire, which is building a nationwide 4G wireless network using a technology called WiMax, announced Wednesday that it will be adding 18 additional cities to the list of …
Read More »Sprint, T
Faster and better doesn’t always mean more expensive, at least with some wireless networks. Sprint Nextel and T-Mobile USA are readying their next-generation wireless networks, which they hope will help them take on rivals AT&T and Verizon Wireless. And if speed doesn’t do it, price could help: Sprint and T-Mobile are each keeping prices on these new services low to …
Read More »T
T-Mobile USA is considering leasing network capacity from the private equity firm Harbinger Capital to build its 4G wireless network, according to a report by the Financial Times. The news agency cited unnamed sources who said that T-Mobile’s parent company, Deutsche Telekom, is in early talks with Harbinger about the deal. In March, Harbinger said it would build a 4G …
Read More »RIM replaces Motorola as top
Smartphones drove a rebound in the overall mobile handset market in the first quarter of 2010, as BlackBerry maker Research In Motion broke into the top five of cell phone makers for the first time. The worldwide mobile phone market grew 21.7 percent in the first quarter of 2010, compared to a decline of 16.6 percent during the first quarter …
Read More »Time Warner Cable gains Internet subs
Time Warner Cable, the No. 2 cable operator in the U.S., saw strong broadband subscriber growth in the first quarter, which helped the company boost earnings 30 percent during the three-month period. Time Warner reported a profit of $214 million, or 60 cents a share. This was up from $164 million, or 48 cents per share, during the same quarter …
Read More »Motorola posts surprise profit
Motorola’s strategy may be starting to pay off as the company announced a surprise profit and topped forecasts for the first quarter. On Thursday, the company said it earned $69 million, or 3 cents per share, in the quarter. During the same quarter a year ago, it lost $231 million, or 13 cents per share. Analysts had expected Motorola to …
Read More »Is Motorola next in line to be acquired?
Though it has plenty more customers, Motorola’s struggling handset business may not be as juicy an acquisition target as Palm turned out to be. Wednesday, Hewlett-Packard announced it is buying Palm for $1.2 billion, bringing to an end what was once a pioneer in the mobile-computing space. HP executives made it clear why they found Palm so appealing: the well-reviewed …
Read More »Google takes diplomatic route on Net neutrality
In Washington, D.C., Google is learning there’s nothing wrong with a little diplomacy. In a Federal Communications Commission filing earlier this week, Google reiterated its support for Net neutrality regulation, but it didn’t take sides in the ongoing debate over whether the FCC should reclassify broadband servicesto help ensure the agency has the authority to enforce that regulation. The FCC’s …
Read More »Sprint improves, but still sees losses
Sprint Nextel’s road to recovery is paved with many potholes. The company did beat analysts’ expectations for the first quarter of 2010, but high-value customers continued to depart, albeit at a slower rate. And its financial losses in the first quarter widened. Sprint lost 578,000 postpaid customers who are on a contract and pay monthly bills. This beat expectations, as …
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