Clearwire (CLWR) Higher as FCC Backs Faster 4G Expansion, Cuts Unnecessary Regulation
Tweet Send to a FriendGet Alerts CLWR Hot Sheet
Down)
Trade CLWR Now!
Clearwire Corp. (Nasdaq: CLWR) shares are much higher on the session following a decision earlier by the Federal Communications Commission (FCC) with respect to wireless Internet.
According to a news release, the FCC is moving to accelerate the roll-out of fourth-genertation (4G) broadband networks, accelerate the role of expanded wireless broadband communications in national economic revitalization and job creation, and bring new broadband services to rural areas.
In addition, the FCC said unnecessary regulations would be eliminated.
Operators will also see cost savings via the use of smaller antennas in certain microwave bands. This will allow for increased deployment in rural areas, better coverage, and reduced cost.
Shares of Clearwire are off of highs, but still up 11 percent Friday.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
According to a news release, the FCC is moving to accelerate the roll-out of fourth-genertation (4G) broadband networks, accelerate the role of expanded wireless broadband communications in national economic revitalization and job creation, and bring new broadband services to rural areas.
In addition, the FCC said unnecessary regulations would be eliminated.
Operators will also see cost savings via the use of smaller antennas in certain microwave bands. This will allow for increased deployment in rural areas, better coverage, and reduced cost.
Shares of Clearwire are off of highs, but still up 11 percent Friday.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- J.P. Morgan (JPM) CEO Dimon Might Have Enough Votes to Stay Chairman - NY Times
- Market Wrap: Sprint Ponies Up for Clearwire; Herbalife Engages Auditor; 'One' for Microsoft
- Sony (SNE) is Early Winner in Battle of Video Game Giants (MSFT)
Create E-mail Alert Related Categories
Insiders' Blog, Trader Talk
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
