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Press Release -- July 7th, 2010
Source: Clearwire
Tags: Equipment, Exchange, Video

Clearwire Announces Nationwide Availability of 4G/Wi-Fi Personal Mobile Hot Spots

 CLEAR Spots Now Available in CLEAR Retail Stores, from CLEAR Authorized Dealers and at CLEAR.com

KIRKLAND, Wash., Jul 07, 2010 (BUSINESS WIRE) -- Clearwire Corporation (NASDAQ:CLWR, news, filings), a leading provider of wireless broadband services, today announced the in-store and online availability of the CLEAR Spot 4G and CLEAR Spot 4G+ mobile hot spots. The company also announced that it has begun filling pre-orders for both devices. The CLEAR Spot 4G and CLEAR Spot 4G+ bring super fast speeds and 4G connectivity to Wi-Fi enabled laptops, netbooks, smartphones, portable gaming and other connected devices - without the worries or hassles of tiered or capped data usage plans. 

CLEAR Spot 4G 

The CLEAR Spot 4G is a personal mobile hotspot allowing users to easily and securely share unlimited super fast Internet access anywhere CLEAR has coverage simultaneously with up to eight Wi-Fi-enabled devices. The CLEAR Spot 4G costs $99.99 or can be leased for $4.99 a month. Monthly CLEAR service plans start at $40 per month. 

CLEAR Spot 4G+   

The CLEAR Spot 4G+ allows power users and road warriors to stay connected across the U.S. by automatically switching from 4G and connecting to Sprint's 3G nationwide network outside the 4G coverage area. The CLEAR Spot 4G+ enables users to securely share the connection with up to five Wi-Fi-enabled devices at the same time. The CLEAR Spot 4G+ costs $224.99 or can be leased for $5.99 a month. Monthly CLEAR service plans start at $55 per month. 

Both devices can be ordered online at http://www.clear.com/spot or purchased nationwide at CLEAR retail stores and authorized dealers beginning today. 

For more information about CLEAR, visit http://www.clear.com. Company information about Clearwire is available at http://www.clearwire.com. For press and broadcast: product images, video footage and company logos can be downloaded from the Clearwire Newsroom. To subscribe to Clearwire's RSS news feed, click here

About Clearwire 

Clearwire Corporation (NASDAQ:CLWR), through its operating subsidiaries, is a leading provider of wireless broadband services. Clearwire's 4G network is currently available in areas of the U.S. where approximately 51 million people live and the company plans to continue to expand its 4G coverage. Clearwire's open all-IP network, combined with significant spectrum holdings, provides an unprecedented combination of speed and mobility to deliver next generation broadband access. The company markets its 4G service through its own brand called CLEAR(R) as well as through its wholesale relationships with Sprint, Comcast and Time Warner Cable. Strategic investors include Intel Capital, Comcast, Sprint, Google, Time Warner Cable, and Bright House Networks. Clearwire is headquartered in Kirkland, Wash. Additional information is available at http://www.clearwire.com

Clearwire and CLEAR are trademarks or registered trademarks of Clearwire Corporation in the United States and/or other countries. All other company or product names are trademarks of their respective owners. Forward-Looking Statements   

This release, and other written and oral statements made by Clearwire from time to time, contains forward-looking statements which are based on management's current expectations and beliefs, as well as on a number of assumptions concerning future events made with information that is currently available. Forward-looking statements may include, without limitation, management's expectations regarding future financial and operating performance and financial condition; proposed transactions; network development and market launch plans; strategic plans and objectives; industry conditions; the strength of the balance sheet; and liquidity and financing needs. The words "will," "would," "may," "should," "estimate," "project," "forecast," "intend," "expect," "believe," "target," "designed," "plan" and similar expressions are intended to identify forward-looking statements. Readers are cautioned not to put undue reliance on such forward- looking statements, which are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside of Clearwire's control, which could cause actual results to differ materially and adversely from such statements. Some factors that could cause actual results to differ are:   

  • We are an early-stage company with a history of operating losses and we expect to continue to realize significant net losses for the foreseeable future.
  • Our current and future plans are subject to a number of conditions and uncertainties, including among others, our ability to manage ongoing market development activities (including the development of over 10,000 sites), our performance in launched markets and our access to additional funding.
  • We regularly evaluate our plans, and we may elect to pursue new or alternative strategies which we believe would be beneficial to our business, including among other things, modifying the pace at which we build our 4G mobile broadband networks, augmenting our network coverage in markets we launch, changing our sales and marketing strategy and or acquiring additional spectrum.
  • If our business fails to perform as we expect, or if we elect to pursue new plans or strategies, we may be required to raise substantial additional financing, and if we are unable to raise such financing on acceptable terms we may need to modify our plans accordingly.
  • We may fail to realize all of the anticipated benefits of the transactions with Sprint and the strategic investors.
  • We are committed to using commercially reasonable efforts to deploy wireless broadband networks based solely on mobile WiMAX technology, even if there are alternative technologies available in the future that are technologically superior or more cost effective.
  • We currently depend on our commercial partners to develop and deliver the equipment for our legacy and mobile WiMAX networks.
  • Many of our competitors are better established and have significantly greater resources, and may subsidize their competitive offerings with other products and services.
  • Our substantial indebtedness and restrictive debt covenants could limit our financing options and liquidity position and may limit our ability to grow our business.
  • Sprint Nextel Corporation owns a majority of our shares, resulting in Sprint holding a majority voting interest in the Company, and Sprint may have, or may develop in the future, interests that may diverge from other stockholders.
  • Future sales of large blocks of our common stock may adversely impact our stock price.

 

For a more detailed description of the factors that could cause such a difference, please refer to Clearwire's filings with the Securities and Exchange Commission, including the information under the heading "Risk Factors" in our Annual Report on Form 10-K filed on February 24, 2010 and our Quarterly Report on Form 10-Q filed on May 6, 2010. Clearwire assumes no obligation to update or supplement such forward-looking statements. 

SOURCE: Clearwire Corporation 

National Media and Industry Analysts
JLM Partners for Clearwire
Mike DiGioia, 206-819-9032 (mobile)
206-381-3600 (office)
mike@jlmpartners.com
or
Local Eastern Region Media Contact
Clearwire Corporation
Chris Comes, 312-282-0539 (mobile)
847-993-9661 (office)
christopher.comes@clearwire.com
or
Local Western Region Media Contact
Clearwire Corporation
Debra Havins, 303-210-7269 (mobile)
debra.havins@clearwire.com

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