DALLAS, Aug. 22, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces a stock report featuring Clearwire Corp. (Nasdaq:CLWR). The report briefly notes the company's most recent developments and news, and outlines its financial position, market performance, and comparison against industry peers.
The full report is available at: www.microstockprofit.com/lp/CLWR
Clearwire Corp. (CLWR), through its operating subsidiaries, is a provider of mobile broadband services. Its 4G network currently provides coverage in areas of the United States. CLWR markets its 4G service through its own brand called CLEAR, as well as through its wholesale relationships with companies such as Sprint, Comcast, Time Warner Cable, Locus Telecommunications, Cbeyond, Mitel and Best Buy. At the end of the second quarter 2011, the Company operated networks in the United States covering areas where approximately 135 million people reside, including approximately 132 million people in 4G markets. In the second quarter 2011, the Company expanded its domestic 4G service areas to cover an additional 7 million people.
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In the report, the analyst notes:
"CLWR traded higher on Friday on speculation of a buyout deal. Sprint Nextel Corp. is negotiating with cable companies about a possible investment that may lead to an acquisition of CLWR, according to a Bloomberg report, citing three people familiar with the talks."
"CLWR this month announced its plan to add "LTE Advanced-ready" technology to its 4G network. The announcement follows the successful completion of 4G technology trials that achieved download speeds exceeding 120 Mbps and demonstrated the potential of the Company's unmatched spectrum advantage."
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