Barry West

Clearwire revenue up, losses narrow, management reshuffle

US WiMAX operator Clearwire announced Wednesday an improved set of financial results for Q1 2009. Pro forma revenue for the three months ended 31 March 2009 increased by 21 percent to $62.14m compared with Q1 2008. Top line growth was driven by a 13 per cent increase in Clearwire subscribers and a seven percent hike in ARPU to $39.52 over the same period.

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