Consumers and Businesses Now Have Access to Unlimited Mobile Internet Service
Four Times Faster than 3G
* CLEAR Also Launches Today in Boston and Daytona Beach
* Dual-mode 4G/3G Modems Keep Customers Connected Throughout the Region
* 4G Mobile Internet Promotion Available at Clear.com
PROVIDENCE, R.I.–(Business Wire)–
Clearwire Corporation (NASDAQ: CLWR), a leading provider of wireless broadband
services and operator of the largest 4G network in the country, today announced
the availability of CLEAR® 4G, take-it-with-you internet service for businesses
and consumers in Providence, Rhode Island. With CLEAR, anyone can now use the
internet at speeds four times faster than 3G* – whether at home, in the office,
or on-the-go – within CLEAR coverage.
In Providence, CLEAR covers more than 590,000 people. Service extends north to
south from Attleboro, MA, down to and including East Greenwich. In conjunction
with today`s launch in Providence, Clearwire also launched CLEAR 4G in Boston
and Daytona Beach. A detailed coverage map of CLEAR 4G service is available at
www.clear.com/coverage.
“Our service is a game changer in the mobile broadband industry. With CLEAR, our
residents now have a blazing fast internet connection that goes with them,” said
Adam Townsend, general manager for CLEAR. “We`re thrilled to offer affordable
rate plans with no limits on the amount of data customers use, as well as no
penalties or hidden fees. Our customers use the web as much as they want,
wherever they go – it`s that simple.”
For a limited time, new customers can take advantage of CLEAR`s online – only
mobile internet promotion to receive a 50% discount on their service plan for
the first two months, with overnight shipping included and no activation fee.
This promotion is available at www.clear.com/rhode-island.
A CLEAR Difference
The CLEAR experience is similar to Wi-Fi but without the short-range
limitations. CLEAR uses wireless 4G technology that differs from Wi-Fi because
it provides service areas measured in miles, not feet. CLEAR also offers average
mobile download speeds of 3 to 6 mbps with bursts over 10 mbps.* Outside the
CLEAR 4G service area, dual-mode 4G/3G modems keep users continually connected
by leveraging Sprint`s 3G data network.
With CLEAR, people stay better connected and more productive. For example:
* A travelling business executive no longer needs to seek out Wi-Fi hotspots or
be constrained by the speeds and limitations of 3G modem cards;
* A college student can now have affordable internet service whether at home, on
campus or on-the-go;
* A commuter can now work on large files or stream their favorite shows while
riding the bus or train;
* A busy parent can now keep kids occupied studying or playing games in the back
of the family minivan.
Unlike service plans from traditional wireless carriers which cap data usage,
CLEAR offers unlimited 4G usage plans that do not require long-term service
contracts. In most markets unlimited 4G coverage from CLEAR starts at $35 for
the home while unlimited mobile plans start as low as $45. Bundled services such
as Home and On-The-Go and Home and Voice plans start at $60 per month.
Simply Plug-In and Go
Clearwire offers several ways to connect to CLEAR 4G service – via a modem,
mobile device, or a 4G-embedded laptop or netbook.
CLEAR 4G Mobile Hotspots: CLEAR Spots are personal mobile hotspots that allow
users to easily and securely share unlimited internet access anywhere CLEAR has
coverage simultaneously with up to eight Wi-Fi-enabled devices. The CLEAR Spot
4G brings 4G to Wi-Fi devices such as laptops, smartphones, and portable gaming
devices. 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 iSpotTM
is made exclusively for Apple mobile devices** including the iPadTM, iPod touch®
and iPhone®. The CLEAR Spot 4G and iSpot each cost $99.99 or the CLEAR Spot 4G
can be leased for $4.99 a month. The CLEAR Spot 4G+ costs $224.99 or can be
leased for $5.99 per month. CLEAR Spot products can be purchased at
www.clear.com/spot and from CLEAR stores and authorized dealers.
CLEAR 4G+ Mobile USB: Mobile users simply plug-in the compact CLEAR 4G+ Mobile
USB into their laptop to get online. This dual-mode 4G/3G modem gives users
access to the 4G network in the CLEAR coverage area and to 3G coverage
nationwide. The CLEAR 4G+ Mobile USB costs $114.99 or can be leased monthly for
$5.99.
Home Modems: For residential service, CLEAR offers a wireless high-speed modem.
Customers simply plug the modem into a power outlet anywhere in their home or
office and connect the modem to their PC or wireless router. This enables
consumers and businesses to easily install high-speed internet service without
scheduling an appointment, drilling holes in their walls, or otherwise
disrupting their day. The CLEAR Home Modem can be purchased for $84.99 or leased
for $4.99 monthly.
Embedded 4G WiMAX Laptops: CLEAR customers can also select from one of 35
different 4G-ready laptops and netbooks with Intel® CoreTM or AtomTM processors
and the embedded Intel® wireless module Advanced-N + WiMAX from leading
manufacturers including Dell, Lenovo, Samsung, and Toshiba. A detailed list of
4G-ready laptops and netbooks is available at www.clear.com. 4G-ready laptops
can also be purchased at Best Buy stores nationwide.
CLEAR 4G products and services are available for purchase by going online at
www.clear.com/rhode-island, calling 1-877-499-6681, or visiting a CLEAR retail
store or other authorized CLEAR dealer. The CLEAR retail store in Providence is
located at Providence Place. CLEAR service is also available from other outlets
including Best Buy and Radio Shack.
Clearwire`s 4G Network in 2010
CLEAR 4G service is currently available in 52 markets across the United States,
including: Boston, Mass.; Daytona Beach and Jacksonville, Fla.; Providence,
R.I.; Wilmington, Del.; Grand Rapids, Mich.; Syracuse and Rochester, N.Y.;
Atlanta and Milledgeville, Ga.; Baltimore, Md.; Boise, Idaho; Chicago, Ill.; Las
Vegas, Nev.; St. Louis and Kansas City, Mo.; Philadelphia, Harrisburg, Reading,
Lancaster and York, Pa.; Charlotte, Raleigh, and Greensboro, NC; Honolulu and
Maui, Hawaii; Seattle, Tri-Cities, Yakima and Bellingham, Wash.; Salem, Portland
and Eugene, Ore.; Merced, Visalia, Modesto and Stockton, Calif.; Dallas/Ft.
Worth, Houston, San Antonio, Austin, Abilene, Amarillo, Corpus Christi,
Killeen/Temple, Lubbock, Midland/Odessa, Waco and Wichita Falls, Texas; central
Washington, D.C.; Richmond, Va.; and Salt Lake City, Utah.
In the summer of 2010, CLEAR 4G will launch in Tampa Bay and Orlando, Fla.; and
Nashville, Tenn. By the end of 2010, CLEAR 4G will also be available in major
metropolitan areas such as New York City, Los Angeles, the San Francisco Bay
Area, Denver, Minneapolis, Miami, Cincinnati, Cleveland and Pittsburgh.
For more information about CLEAR, visit www.clear.com/rhode-island or The CLEAR
Blog www.theclearblog.com. You can also follow CLEAR information on Twitter at
@Clear. Information about Clearwire is available at http://www.clearwire.com.
For press and broadcast: images, video and company logos are available from the
Clearwire Newsroom at www.clearwire.com/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 60 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® 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
www.clearwire.com.
*Speed claims based on download speeds only. Actual performance may vary and is
not guaranteed. CLEAR performance claim is based on average download user speeds
achieved during tests performed on the CLEAR commercial network by CLEAR. Other
carrier performance based on their advertised claims.
**Apple does not endorse Clearwire products or services and is not affiliated
with Clearwire.
Unlimited plans subject to CLEAR`s Acceptable Use Policy, posted at
www.clear.com/legal/aup.
Clearwire, CLEAR, and the CLEAR logo are trademarks or registered trademarks of
Clearwire Communications LLC 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. Such
modifications to our plans could significantly change our capital requirements.
* We believe that we require substantial additional financing to maintain our
current business plans, and if we are unable to raise such financing on
acceptable terms we will 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 have deployed a wireless broadband network based on mobile WiMAX
technology, and would incur significant costs to deploy alternative
technologies. Additionally, such alternative technologies may not perform as we
expect on our network and deploying such technologies would result in additional
risks to the company.
* 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 August 5, 2010. Clearwire assumes no obligation to update
or supplement such forward-looking statements.
National Media and Industry Analysts
JLM Partners for Clearwire
Mike DiGioia
206-819-9032 (mobile)
206-381-3600 (office)
mike@jlmpartners.com
or
Local Media
Clearwire Corporation
Chris Comes
312-282-0539 (mobile)
847-993-9661 (office)
christopher.comes@clearwire.com
Copyright Business Wire 2010
