Companies to Jointly Market the Wireless Broadband Service to AOL Users in All Clearwire U.S. MarketsKIRKLAND, 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
"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.
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.
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.
Teresa Fausti, 425-216-4556
Helen Chung, 425-216-4551