Clearwire Pre-Announces Record Subscriber Growth in First Quarter
Resulting in More Than 250,000 Ending Broadband Subscribers
KIRKLAND, Wash.--(BUSINESS WIRE)--April 19, 2007--Clearwire
Corporation (NASDAQ:CLWR), the world's largest WiMAX class service
provider, today announced that it will release first quarter 2007
results after the market close on May 8, with its first Investor
Conference Call to follow at 10:00 AM Eastern on May 9.
In addition, Clearwire pre-announced record subscriber growth in
the first quarter for 2007. The Company ended the quarter with
approximately 258,000 total subscribers representing over a 25%
increase from its yearend 2006 level of more than 206,000 subscribers.
The sequential quarterly net subscriber additions of approximately
52,000 in the first quarter of 2007 exceeds the fourth quarter 2006
record of almost 44,000 net adds by over 18%, and represents an
increase of 41% in a year over year comparison of first quarter 2007
to first quarter 2006 total net additions. Clearwire also stated that
its consolidated subscriber churn was approximately 1.6% for the
Domestic subscriber additions powered Clearwire's growth as it
ended the first quarter with over 232,000 customers in the United
States, representing an increase of 26% over its yearend 2006
subscriber tally of approximately 184,000 subscribers. The increase of
48,000 subscribers in the U.S. was also a Company record, exceeding
the approximately 40,000 subscribers added in the fourth quarter.
Domestic churn declined to approximately 1.5% in the first quarter.
Clearwire, founded in October, 2003 by Craig McCaw, is a provider
of reliable wireless high-speed Internet service. Headquartered in
Kirkland, Washington, the Company launched its first market in August
2004 and now offers service in a number of markets across the United
States covering approximately 8.9 million people as well as several
markets in Europe covering almost 1.2 million people.
Hope Cochran, 425-216-4735
SOURCE: Clearwire Corporation