How Clearwire Is Outsmarting AT&T and Verizonhttp://www.fool.com/investing/general/2012/04/12/how-clearwire-is-outsmarting-att-and-verizon.aspx Keki Fatakia
April 12, 2012
Clearwire (Nasdaq: CLWR ) is surely putting up a good fight for survival. This otherwise loss-making company has now taken on biggies such as AT&T (NYSE: T ) and Verizon (NYSE: VZ ) in the wireless Internet space. This has largely been made possible by its clients that are offering cheaper data plans that are targeting the young and not-so-financially-well-off.
So does that mean good times ahead for Clearwire? Let's find out...
For instance, one of its customers -- NetZero -- introduced free wireless Internet services amounting to 200 megabytes per month for up to a full year, subject to certain conditions. Another Clearwire wholesale customer, FreedomPop, is also hoping to give the guys at Ma Bell and Verizon sleepless nights. The company is selling a unique case meant for Apple's iPhone that gives users access to 1 gigabyte of data. The case has an integrated WiMAX data receiver, and can be used as a Wi-Fi hotspot, which enables the phone to have Internet access.
So how is all this helping Clearwire?