Clearwire posts narrower quarterly loss even as revenue declines

Reuters News
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Posted: Apr 25, 2013 4:33 PM

NEW YORK (Reuters) - Clearwire Corp, the wireless service provider which is majority owned by Sprint Nextel, posted a narrower operating loss even as its quarterly revenue declined.

Clearwire's loss narrowed to $303.69 million from $421.89 million. Revenue fell to $318 million from $322 million. Clearwire agreed to be bought by Sprint for $2.97 per share.

(Reporting By Sinead Carew)

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