Clearwire CEO Bill Morrow unexpectedly quits
Clearwire might not have made the best choice in picking WiMAX as its 4G technology of choice as the world moves towards an LTE 4G future, but WiMAX is still at the core of carrier networks like Sprint's. Now, however, rather unexpectedly, Clearwire's chief executive officer Bill Morrow resigned citing personal reasons, leaving the company in the hands of the chairman, John Stanton, who will temporarily take on the position.
The chief commercial and information officers stepped down as well, which raises some questions about Clearwire's future. Could this open more room for change within the company? An LTE future is a possibility for Sprint and we have seen other countries like Russia and one of its largest WiMAX providers Yota deciding to switch to LTE mainly because of “a wider ecosystem” for the latter. For a closer look at the differences between WiMAX and LTE check out our in-depth article here.
The future of Clearwire might be unclear, but the company also has to secure its current wellbeing by finding billions in funding necessary for it to expand its network and swing into profit in 2012. The wireless network provider said that the executive shake-up won't affect a dispute with 54% owner Sprint over funding. It also noted that it could sell spectrum it does not need as an option for raising capital.
source: Clearwire via Financial Times