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Clearwire subscribers top 688k, revenue soars in 2009

Updated Dec 19th, 2018 6:33PM EST

Clearwire announced its Q4 2009 and 2009 year end results today, and though WiMAX in the US is lagging behind its European counterparts, it is coming on strong and 2010 promises to be a banner year for the 4G service. Q4 2009 was a strong quarter for Clearwire with the wireless provider adding 85,000 new subscribers in that three month period alone, a single quarter increase that is the largest in company history and greater than its first three 2009 quarters combined. Revenue was also strong in Q4 with Clearwire reporting $79.9 million consolidated revenue, a 34% increase from the same quarter in 2008. Year end results for 2009 were equally as impressive with Clearwire reporting $274.5 Million in revenue, a 19% increase compared with Pro Forma 2008. On top of that, Clearwire also added ten new markets in 2009 and ended the year with a total of 688,000 subscribers, a marked increase over the 475,000 subscribers recorded at the end of 2008. What we’re really waiting for is more 4G in more cities, and Clearwire expects to cover up to 120 million people with its 4G network by the end of 2010, including several high profile launches in New York, Boston, Washington, D.C., Houston, the San Francisco Bay Area, Denver, Minneapolis, and Kansas City. Our HTC Supersonics will be waiting.