Press release from GlobeNewswire (a Nasdaq OMX company)
Clearwire Corporation Announces Anticipated Filing of Registration Statement Relating to Resale of any Class A Common Stock Delivered Upon Exchange of 8.25% Exchangeable Notes Due 2040
Wednesday, February 09, 2011
KIRKLAND, Wash., Feb. 9, 2011 (GLOBE NEWSWIRE) -- Clearwire (NASDAQ: CLWR) today announced that it anticipates filing with the Securities and Exchange Commission on or prior to March 8, 2011, an automatic shelf registration statement on Form S-3 to satisfy its obligation under the Registration Rights Agreement dated December 8, 2010, filed as Exhibit 4.3 to the Current Report on Form 8-K filed by Clearwire Corporation on December 13, 2010 (the "Registration Agreement"). Clearwire Corporation, Clearwire Communications LLC and Clearwire Finance, Inc. intend to designate the automatic shelf registration statement described above as the shelf registration statement required to be filed pursuant to the Registration Rights Agreement. Holders of the Notes who wish to be named as selling stockholders in the registration statement must furnish to Clearwire Corporation no later than February 22, 2011, a completed questionnaire set forth as Appendix A to the Registration Rights Agreement.
This press release does not constitute an offer of any securities for sale.
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.
Cautionary Statement Regarding Forward-Looking Statements
This press release, and other written and oral statements made by Clearwire from time to time, contain 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. These forward-looking statements are subject to risks and uncertainties which can cause actual results to differ materially from those currently anticipated, due to a number of factors which include, but are not limited to, downturns in economic and market conditions, risks related to the completion of pending offerings, increases in interest rates and operating costs, general volatility of the capital markets, our ability to access the capital markets, changes in the competitive environment in our industry and the markets where we invest, and other risk factors discussed in the sections entitled "Risk Factors" in Clearwire’s Annual Report on Form 10-K filed on February 24, 2010 and its Quarterly Report on Form 10-Q filed November 4, 2010. Clearwire believes the forward-looking statements in this release are reasonable; however, you should not place undue reliance on forward-looking statements, which are based on current expectations and speak only as of the date of this release. Clearwire is not obligated to publicly release any revisions to forward-looking statements to reflect events after the date of this release.
CONTACT: Investor Relations: Paul Blalock, 425-636-5828 firstname.lastname@example.org Media Relations: Susan Johnston, 425-216-7913 email@example.com JLM Partners for Clearwire Mike DiGioia or Jeremy Pemble, 206-381-3600 firstname.lastname@example.org or email@example.com