Due to a reporting error, the story, "Clearwire plans LTE network, seeks $600M," posted to the wire on Wednesday, incorrectly stated the range of average speeds that Clearwire reported from its LTE testing. Clearwire reported average speeds of 50M bps to 90M bps.

The story has been corrected on the wire. The third paragraph now reads as follows:

The company plans to deploy LTE first in densely populated areas of its existing WiMax footprint where demand for mobile data is highest. Based on its own tests, Clearwire believes it can deliver between 50M bps (bits per second) and 90M bps to users, on average. The gear it plans to roll out would also support the faster LTE Advanced in the future. But even if it can raise the necessary funding, Clearwire doesn't expect to be able to start its rollout for about six months and thinks it would take about a year to carry out.