Full Description

Clearwire Corporation builds and operates wireless broadband networks that enable Internet communications. Its wireless broadband networks cover entire communities and deliver a high-speed Internet connection that not only creates a new communications path into the home or office, but also provides a broadband connection anytime and anywhere within its coverage area. It offers services in both domestic and international markets. The Company’s services consist primarily of providing wireless broadband connectivity, but in some of its domestic markets, it also offers voice-over Internet protocol (VoIP) telephony services. As of December 31, 2008, The Company operated its networks in 51 markets in the United States and Europe covering approximately 18.2 million people, and as of December 31, 2008, it had approximately 475,000 wireless broadband subscribers. The Company’s networks in the United States were deployed in 47 markets and covered an estimated 15.3 million people. On January 6, 2009, it commercially launched service in Portland, Oregon. Internationally, as of December 31, 2008, The Company offered its wireless broadband services in Ghent and Brussels, Belgium, Dublin, Ireland and Seville, Spain, where its network covered approximately 2.9 million people. As of December 31, 2008, The Company offered VoIP, telephony services in 45 of its domestic pre-WiMAX markets and in February began offering voice service in Portland.

In Portland, the Company offers a number of plans. Its mobile plans consist of a daily pass for a fixed fee, two limited use monthly plans where subscribers purchase a specified amount of data usage (e.g., 200 megabytes or 2 gigabytes) for a fixed price (with surcharges for excess data use) and an unlimited monthly plan that does not limit the amount of data usage, subject to its acceptable use policies. Its residential plans offer subscribers different maximum download and upload speeds at various price points. The business services the Company offers also include faster upload speeds for a fixed Internet access service and plans that bundle multiple mobile subscriptions. In September 2008, its initial mobile WiMAX network was launched in Baltimore. January 6, 2009, the Company commercially launched its Cleartm branded mobile broadband service in Portland, Oregon.

As of December 31, 2008, approximately 73% of the Company’s United States subscribers in its pre-WiMAX markets selected one of its offerings that offer increased download speeds and additional features, such as ClearPremium or ClearPremium Plus branded offerings. Its VoIP telephony service permits calls outside these countries on a charge-per-call basis. The Company’s VoIP telephony service package includes enhanced calling features, such as voice mail, call waiting, three way calling and caller identification (ID). Its service is also E911 compliant and offers number portability. In addition, VoIP subscribers can set a range of telephony options online, such as call forwarding and call blocking.

The Company competes with Time Warner Cable, Inc., Comcast Corporation, AT&T Inc., Qwest Communications International, Inc., Sprint, Verizon Communications, Inc. WildBlue Communications, Inc. and Hughes Communications, Inc.