Clearwire posts narrower loss even as revenue falls

NEW YORK Tue Feb 12, 2013 4:11pm EST

NEW YORK Feb 12 (Reuters) - Clearwire Corp, the wireless service provider that both Sprint Nextel and Dish Network want to buy, reported a narrower quarterly loss even as revenue declined.

Clearwire, which is already majority owned by Sprint, posted a net loss of $187.15 million or 29 cents per share compared with a loss of $236.85 million or 81 cents per share in the year-ago quarter.

Revenue fell to $311.2 million from $361.87 million and missed analyst expectations for $313.62 million, according to Thomson Reuters I/B/E/S.

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