This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Sprint/Clearwire Debuts 4G in New York

Stocks in this article: CLWR S

NEW YORK ( TheStreet) -- The much-hyped, speedy 4G wireless Internet service became more of a reality Monday when Sprint (S) and Clearwire (CLWR) announced that the "Clear" WiMax broadband network launched in New York City and parts of Connecticut, New Jersey and Florida.

Previously, the service was available only in limited areas; Clearwire has said that its 4G service would be available in at least 61 locations by the end of the year, including cities in upstate New York, Northern California and Oregon.

Clearwire Logo

Clearwire says that 4G, which boasts speeds of 3 to 6 megabits per second, allows customers to access the internet at speeds four times faster than today's 3G network used by most providers. Major telcos like Sprint and its top two competitors, AT&T (T) and Verizon (VZ), talk a lot about the coming of 4G for mobile devices, but Sprint is the first to officially launch a 4G network.

Sprint's 4G-enabled smartphones, the HTC EVO and Samsung Epic, are the only smartphones equipped to use the network; Sprint is hoping that its trailblazer status in 4G will help it win over customers from Verizon and AT&T, who have said their own 4G networks will launch at the end of the year and sometime next year, respectively.

In a press release, Clearwire said that 4G pricing starts at $35 a month for home Internet usage and $45 for plans involving 4G phones and 4G-equipped laptops and netbooks. It also said that its 4G usage plans do not require long-term service contracts.

"The arrival of Clear 4G in New York is a tremendous milestone for our company," said David Barnette, vice president of sales for Clear, in the press release.

In late afternoon trading, Sprint shares were slightly rising, gaining 0.03 cents to $4.16, while Clearwire's were down 0.85% to $7.03. Clearwire is expected to issue its third-quarter earnings report Thursday after market close.



--Written by Maggie Overfelt in New York.



>To follow the writer on Twitter, go to http://twitter.com/maggieoverfelt.

>To submit a news tip, send an email to: tips@thestreet.com.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs