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Press release from GlobeNewswire (a Nasdaq OMX company)

CLEAR 4G Mobile Internet from Clearwire Lights Up San Francisco

Monday, December 27, 2010

CLEAR 4G Mobile Internet from Clearwire Lights Up San Francisco21:01 EST Monday, December 27, 2010SAN FRANCISCO, Dec. 28, 2010 (GLOBE NEWSWIRE) -- Clearwire (NASDAQ: CLWR), a leading provider of wireless broadband services and operator of the first 4G network in the country, today announced the availability of CLEAR® 4G, take-it-with-you internet service for businesses and consumers in the San Francisco Bay area. 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 the San Francisco Bay area, CLEAR covers more than 4 million people. CLEAR service extends around the Bay from San Francisco and Oakland to South Bay including San Jose and the 680 corridor from Concord to Pleasanton. A detailed CLEAR 4G coverage map is available at www.clear.com/coverage. "With CLEAR, residents now have a fast, mobile internet connection that goes with them throughout the Bay Area," said Allan Lamb, regional general manager for CLEAR. "We’re offering game-changing access to the internet. For the first time, consumers are able to wirelessly access the internet at super-fast speeds, at affordable prices, and without limits on how much 4G data they use." 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/san-francisco.  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 service plans such as Home and Voice start at $50 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 Spots®: 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+ 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+ costs $225 or can be leased for $9 per month.  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 $115 or can be leased monthly for $6. Home Modems: CLEAR offers wireless high-speed modems that enable 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 costs $85 or can be leased for $5 monthly; the Clear Home Modem with WiFi costs $120 or can be leased for $7 monthly. Embedded 4G WiMAX Laptops: Customers can also select from more than 50 different 4G WiMAX-ready laptops and netbooks with Intel® CoreTM or AtomTM processors and the embedded Intel® wireless module Advanced-N + WiMAX from leading manufacturers including Dell, HP, Sony, Lenovo, Toshiba, Samsung, Gateway, and Asus. All of these operate on CLEAR, and more than 20 of these 4G WiMAX-ready laptops are now available from Best Buy. CLEAR 4G products and services are available for purchase by going online at www.clear.com/san-francisco calling 1-877-499-6681, or visiting a CLEAR kiosk, retail store or other authorized CLEAR dealer. A CLEAR retail store is located at 2210 Shattuck Avenue in Berkeley. CLEAR service is also available from Best Buy, Micro Center and Fry’s Electronics.Clearwire’s 4G Network in 2010 CLEAR 4G service is currently available in 71 markets across the United States, including: San Francisco, Sacramento, Merced, Visalia, Los Angeles, Modesto and Stockton, Calif.; Denver, Colo.; Bridgeport, New Haven and Hartford, Conn.; central Washington, D.C.; Wilmington, Del.; Miami, Tampa Bay, Orlando, Daytona Beach and Jacksonville, Fla.; Atlanta and Milledgeville, Ga.; Honolulu and Maui, Hawaii; Boise, Idaho; Chicago, Ill.; Boston, Mass.; Baltimore, Md.; Grand Rapids, Mich.; Minneapolis/St. Paul, Minn.; St. Louis and Kansas City, Mo.; Charlotte, Raleigh, and Greensboro, N.C.; Trenton and New Brunswick, N.J.; New York, Syracuse and Rochester, N.Y.; Las Vegas, Nev.; Cincinnati, Columbus, and Cleveland, Ohio; Salem, Portland and Eugene, Ore.; Pittsburgh, Philadelphia, Harrisburg, Reading, Lancaster and York, Pa.; Providence, R.I.; Nashville, Tenn.; Dallas/Ft. Worth, Houston, San Antonio, Austin, Abilene, Amarillo, Corpus Christi, Killeen/Temple, Lubbock, Midland/Odessa, Waco and Wichita Falls, Texas; Salt Lake City, Utah; Richmond, Va.; Seattle, Tri-Cities, Yakima and Bellingham, Wash. For more information about CLEAR, visit www.clear.com/san-francisco or The CLEAR Blog www.clear.com/blog. 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 currently provides coverage in areas of the U.S. where more than 110 million people live. 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 StatementsThis 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, 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 November 4, 2010. Clearwire assumes no obligation to update or supplement such forward-looking statements.  ###CONTACT: National Media and Industry Analysts - JLM Partners for Clearwire Mike DiGioia 206-819-9032 (mobile) 206-381-3600 (office) mike@jlmpartners.com Regional Media Debra Havins 303-210-7269 (mobile) debra.havins@clearwire.com