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Clearwire Dumping Retail Business

Article Comments  6  

Feb 9, 2011, 6:59 PM   by Eric M. Zeman   @phonescooper

According to sources cited by the Wall Street Journal, Clearwire is planning to ditch its retail business in order to focus solely on being a wholesale provider of WiMax access. The Journal's sources say that Clearwire will not immediately shutter is existing 140 retail stores, but will not open any more. Clearwire has been seeking capital since mid-2010. During the fourth quarter of 2010, it announced staff reductions, store closings, and slowed down the progress of building out its WiMax network in order to save money. By halting its retail strategy, Clearwire should be able to save more money during the course of 2011. It has enough cash reserves to operate until the end of the year. The move will benefit Sprint because Clearwire's stores directly competed with Sprint's in selling 4G WiMax access.

more info at Wall Street Journal »

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muchdrama

Feb 9, 2011, 9:48 PM

Annnnnnnnnnnnd--

--another successful business partnership for Sprint.
It's not quite the same. I'm pretty sure at this point that sprint is wanting clear to devalue so they can buy them.
Slammer

Feb 9, 2011, 7:33 PM

Good News.

I have always thought that a partnership was bad if it created direct competition to one another. Sprint needs to move forward without having to worry about Clearwire. I supported the partnership to push the WiMAX initiative. But returning to Nextel fever, would become another detriment.

John B.
Slammer said:
I have always thought that a partnership was bad if it created direct competition to one another. Sprint needs to move forward without having to worry about Clearwire. I supported the partnership to push the WiMAX ini
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