<< Back
Clearwire and AOL Expand Distribution Agreement
Companies to Jointly Market the Wireless Broadband Service to AOL Users in All Clearwire U.S. Markets
KIRKLAND, Wash., May 03, 2007 (BUSINESS WIRE) -- Clearwire Corporation (NASDAQ: CLWR) announced today an agreement to expand the scope of its distribution relationship with AOL LLC to offer Clearwire's high-speed wireless broadband service to AOL users throughout Clearwire markets in the United States. Beginning this month, AOL will jointly market Clearwire's wireless broadband service to its users in Clearwire's coverage area.

Previously, AOL and Clearwire had a joint distribution agreement that covered four Clearwire markets -- Jacksonville and Daytona Beach, Fla.; and Stockton and Modesto, Calif. The new joint distribution agreement covers all existing and future Clearwire markets in the U.S. Clearwire is currently available in 38 markets across the country covering more than 400 municipalities including Seattle, Honolulu and Raleigh, N.C.

"Our partnership with AOL is very complementary," said Ben Wolff, Clearwire CEO. "By offering Clearwire's next-generation wireless broadband solution with AOL's software and email, customers have the opportunity to experience our unique high-speed Internet service while continuing to use AOL."

"Clearwire's innovative approach to delivering simple, reliable, fast, portable and affordable Internet access offers AOL users who haven't moved to broadband the opportunity to upgrade while maintaining their AOL software and email and not pay extra for them," said Kim Partoll, executive vice president, Paid Services, AOL. "The expansion of our distribution relationship to cover all Clearwire markets nationwide demonstrates our confidence in their value proposition for our customers."

Clearwire's next-generation, non-line-of-sight wireless broadband solution connects customers to the Internet through licensed spectrum. Radio signals are transmitted from a tower to a small, wireless modem, which easily connects a user's computer to the Internet. With its simple plug-and-play installation, AOL customers can be on the Internet within minutes of set-up.

About Clearwire

Clearwire, founded in October 2003 by Craig O. McCaw, is a provider of reliable, wireless high-speed Internet service. Headquartered in Kirkland, Wash., the company launched its first market in August 2004 and now offers service in 38 metro markets, covering approximately 8.9 million people in more than 400 municipalities in Alaska, California, Florida, Hawaii, Idaho, Minnesota, Nevada, North Carolina, Oregon, Texas, Washington and Wisconsin in the United States, as well as 1.2 million people in Ireland and Belgium.

Forward-Looking Statements

This release contains forward-looking statements which are based on 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, Clearwire's expectations regarding: future financial and operating performance and financial condition; plans, objectives and strategies; industry conditions; the strength of its balance sheet; and liquidity and financing needs. 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 from such statements. 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 headings "Risk Factors" and "Forward-Looking Statements" in our Form S-1 filed on March 7, 2007. Clearwire assumes no obligation to update or supplement such forward-looking statements.

SOURCE: Clearwire

Clearwire
Teresa Fausti, 425-216-4556
teresa.fausti@clearwire.com
or
Helen Chung, 425-216-4551
helen.chung@clearwire.com

Could not find file '\\aws.nasdaqomx.com\irweb\content3\IRXMLDATA\19\198722\Disclaimers.xml'.