Mobile WiMax carrier Clearwire said its CLEAR 4G WiMAX Markets generated 49,000 net subscriber additions and consolidated net adds topped 44,000 for Q3 2009. Total WiMax subscribers reached 173,000.
The company added 49,000 new subscribers in its 13 wireless broadband markets, which were partially offset by a slight decrease in subscribers in domestic and
international pre-WiMax markets for the quarter. Clearwire said its total subscriber base is now at about 555,000 subscribers. Last year, the company’s subscriber base stood at 469,000.
The company’s discounts took a bite out of ARPU, which decreased 72 cents to $39.71.
Clearwire reiterated its plans to build out its 4G mobile WiMax network to as many as 120 million people by the end of 2010. Total network covered POPs increased 40 Percent to 25.4 million
In a conference call with analysts, Clearwire CEO Bill Morrow sought to soothe concerns over Google’s decision to not participate in the latest round of financing, which was announced yesterday.
“[Google] has put $500 million into the company…which was one of the largest investments they’ve ever made into a different company,” said Morrow in response to a question raised by John Hodulik of UBS. “…I wouldn’t read anything negative into it whatsoever. Eagle River is involved, and [the] companies and Sprint are putting big chunks of change in this to go forwards and we’re thrilled with it. “
The round of funding is comprised of Sprint Nextel, Comcast, Time Warner Cable, Intel, Bright House Networks and Clearwire founder Eagle River Holdings are investing a total of $1.56 billion into Clearwire to help the company complete its network build out.