Tuesday, September 1, 2009

Clearwire Seeks "Modest" Broadband Stimulus Funding for 2 Markets

Clearwire says it has applied for a "modest" amount of broadband stimulus funds to bring new service to underserved areas within Detroit and Puerto Rico, two areas that were not otherwise part of Clearwire’s current business plan.

Clearwire also announced its plans to affiliate with a limited number of other grants submitted, as a spectrum and technology partner, covering additional territories in five states.

These stimulus-related projects would have no significant impact on Clearwire’s funding or build-out plans, the company says.

As it appears fewer telcos applied for funds than might otherwise have been expected, it is possible that fixed wireless providers will have a relatively high profile amongst service provider applicants in rural areas.

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