It has been reported that a deal for five-year wholesale has been signed between Clearwire Corp. and Leap Wireless International Inc.

The deal would offer customers a high-speed mobile broadband service with pay-as-you-go carrier scheme.

Clearwire, which has thus far been teaming with operators like Time Warner and Sprint for offering 4G hotspots compatible with its WiMax network, has now announced iSpot – the new 4G hotspot that works only with Apple’s iOS devices.

During a Wednesday conference call about the company’s first-quarter financial results, Clearwire Corp reported a 72 percent increase in its year-on-year revenue for the quarter. While the company’s revenue figures were $62 million in the same quarter last year, the figures this time round stood at $107 million.