MuniWireless

The “old” Clearwire announced first-quarter financials Monday, and seemed to get a good jump on its 2008 plans with a net gain of 48,000 new subscribers for the company’s WiMax services. Back in January Clearwire had given guidance of expecting to add between 110,000 to 130,000 new subscribers over the entire year, so to get 48K in the first three months seems to be a positive start.

Of course, the rest of the year may differ from previous scripts thanks to the recent investment and joint venture deal with Sprint, Comcast, Google, Time Warner Cable and others to produce the “new” Clearwire. Dan Jones over at Unstrung has a good roundup of the numbers from the recent quarter, noting that the script of increased revenues, increased losses is an old one for Clearwire.

One question that remains to be answered is what kind of leeway Wall Street will give Clearwire as it fleshes out its new ambitious plan with its new stable of partners. So far, the stock has gyrated a bit, dropping after the deal was announced and bouncing back up Monday, at $13.62 in late afternoon trading.

Paul Kapustka is the editor of Sidecut Reports, which has recently published a report on the state of WiMax deployments in the U.S.