Wireless broadband operator Clearwire is going public (link to the S-1 filing), with a proposed maximum offering price of $400 Mio. Om Malik has the complete story.
Some key 2005 data from the S-1 filing:
- $33.5 Mio. Revenues (of which only $8.5 service revenues, the rest comes from equipment sales, which I assume are related to NextNet)
- Total opex $160.7 Mio.
- Operating loss $127,2 Mio.
- Net loss $139,50 Mio.
- Net loss per common share $0.66
- Capex $132.7 Mio. (cumulative since October 27, 2003 ~$145 Mio.)
- Covered population in the US: 3.8 Mio
- Covered households in the US: 1.5 Mio
- Subscribers: 562,000
Some more math on these figures to follow.
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