Posts Tagged wholesale partners

China Telecom looking to expand into US consumer market, eyes 2012 launch

Instead of resting on its laurels as China’s third-largest wireless provider, China Telecom is now looking to branch out into relatively uncharted waters — namely, the US consumer market. In a recent interview with Bloomberg, Donald Tan, president of China Telecom Americas, confirmed that his company plans to bring its own branded wireless service to select US markets next year, in the hopes of capitalizing on the large Chinese communities and consumer bases scattered across the country. According to Tan, the proposed service would provide customers with handsets that could be used in both China and the US, theoretically appealing to Chinese-Americans, students or businessmen who travel frequently between the two countries. The exec didn’t reveal much in the way of pricing, saying only that it would be “competitive,” though he did acknowledge that the service is already undergoing trials with several unnamed wholesale partners. If the trial goes swimmingly, he added, China Telecom may expand it to Canada, as well, and would even consider purchasing or constructing its own network in the States (pending FCC approval, of course). The provider, which has already been marketing its services to US corporations for a decade, also has the capacity to spend “hundreds of millions or billions” on stateside acquisitions, though none are currently on the table. “We want some acquisitions in the U.S. and other countries on this continent,” Tan explained. “It’s a very quick way to growth.”

China Telecom looking to expand into US consumer market, eyes 2012 launch originally appeared on Engadget on Thu, 10 Nov 2011 10:27:00 EDT. Please see our terms for use of feeds.

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Clearwire posts Q1 loss amid record subscribers, decides not to sell spectrum after all

You know you’re having a wacky quarter when it involves a resigning CEO, lawsuits, and rumors that one of your wholesale partners is courting your potential replacement. But can you still come out on top? Clearwire answered this question during yesterday’s Q1 2011 earnings report to investors, and the answer is just as intriguing as the quarter itself. Though it posted a substantial revenue of $242 million, the company was also inflicted with a net loss of $227 million. Don’t worry, it gets crazier — Clearwire experienced record subscriber growth, seeing an increase of 533 percent year-over-year from Q1 2010. Sounds like a contradiction, right? A few factors led to the loss, such as higher costs from network expansion and writing off the “abandonment of projects that no longer fit within management’s strategic network plans.” A loss is a loss, but at least the future looks brighter; Clearwire predicts it will end the year with nearly a million more subs than originally forecasted (9.5 million, up from 8.8). Saving the best news for last, CEO John Stanton announced his company is no longer feeling the pressure to sell off some of its spectrum, primarily due to its recent $1 billion deal with Sprint. The deal will add enough cash flow to sustain network operations for the next year, so Clearwire just needs to make sure it uses some of the extra cash to buy us all something pretty. The full press release can be found after the break.

Continue reading Clearwire posts Q1 loss amid record subscribers, decides not to sell spectrum after all

Clearwire posts Q1 loss amid record subscribers, decides not to sell spectrum after all originally appeared on Engadget on Thu, 05 May 2011 07:20:00 EST. Please see our terms for use of feeds.

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