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June 28, 2007

Clearwire's grows in Texas

Posted by Tricia Duryee at 3:27 PM

Clearwire made two announcements over the past two days.

On Wednesday, the Kirkland-based company said it would start selling VoIP phone service in six new markets in Texas: Abilene, Amarillo, Lubbock, Midland-Odessa, Waco and Wichita Falls.

Today, Clearwire said it is offering its flagship wireless broadband Internet service in Longview, Texas.

Clearwire now operates in about 39 markets in 13 states.

The company's stock briefly reached its initial public offering price of $25, closing on Wednesday at $25.01, up $1.07 a share. That didn't last long, however. The stock closed today at $24.23, down 78 cents a share. In after hours trading, it continued to slide.

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Tricia Duryee
Tricia Duryee
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