Tuesday, April 26, 2011

Clearwire Discontinues Backhaul Services from FiberTower

Clearwire has discontinued the majority of the backhaul services provided by FiberTower, effective April 30, 2011, representing approximately $434,000 in monthly service revenue. Upon termination of these services, the customer's early termination charges are expected to be approximately $1.9 million payable immediately. Approximately 16% of the services will be retained, representing approximately $80,000 in monthly revenue.

FiberTower said payment of the early termination charges of approximately $1.5 million associated with service terminated in February has been received by the company.