Clearwire has added a new flat-rate access plan to their new contract-free service lineup with a new $35 monthly plan at 1.5Mbps down and 0.5 Mbps up that features no monthly caps, meant for mobile and home use.
The new plan follows the move to WiMax only service and flat-rate unlimited service for $50 earlier this quarter, spurred by its recent moves to transition to LTE and to shore up expenses and other capital as it faces the decision to either pay on a forthcoming $237 million debt covenant or default on it.
Should it decide to delay the debt payment, it has a 30 day grace period it can exercise, but doing so would place it in a technical default.
As Clearwire currently holds $700 million in cash on hand, it is not known how long it can continue short-term operations with its current cash reserves while it continues to search for additional funding.
Meanwhile, Sprint is still mulling over assisting Clearwire in the short term with no confirmation as of yet, though both companies are expected to announce a new three year agreement to continue its current wholesale access agreement, which expires at the end of the year.
