Thursday, October 04, 2012

Clearwire may delay 4G LTE network buildout

According to Nasdaq Clearwire has warned investors they may delay the buildout of their next generation 4G LTE network. Comcast recently converted their shares into commonly traded shares, but haven’t indicated if they’ll sell their 6% stake, according to a regulatory filing. Within the filing Clearwire said they’re evaluating the next generation network plans to hit expected revenue and "may elect to delay a portion of our deployment schedule accordingly.” At this time Clearwire is dead last in the race to 4G LTE dominance with Verizon leading the pack, AT&T bringing up second and Sprint in a distant third place. Clearwire plans to begin building their LTE network early next year and have 5,000 LTE sites up by mid 2013.