Earthlink Scaling Back Muni WiFi on Big Losses

With low take rates, political spats and pesky introductory discount rates, Earthlink posted a $30M loss for Q1 blamed on a shrinking dial-up business and expensive WiFi rollouts. With just 2,000 regular subscribers, a handful of government contracts and the upcoming auction of the lucrative 700MHz spectrum by the FCC, Earthlink is poised to bleed serious red ink for some time to come.

(See full article here.) 

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