KIRKLAND, Wash. & OVERLAND PARK, Kan.--()--Clearwire Corporation (NASDAQ: CLWR) and Sprint (NYSE:S) today announced plans to launch their respective 4G mobile Internet services to additional cities in the summer of 2010. Each of the companies will offer 4G under their own 4G brand.
In addition to the 32 markets currently available, the companies plan to launch 4G mobile broadband services this summer in the following cities: Orlando and Tampa, FL. Consumers and businesses should expect to see additional network expansions throughout these cities, and a wide-range of independent marketing and advertising initiatives.
The 4G customer experience from Clearwire and Sprint is unlike any other wireless service available today from any national carrier. Customers in these cities will now be able to increase their mobility and productivity in many ways: from instantly downloading large files to get work done on the run, browsing the web just like at home from across the city, or watching online videos and movies while travelling in the family car around town.
Clearwire and Sprint 4G customers can expect to see wireless service significantly faster than today’s 3G. Clearwire and Sprint customers will also be able to purchase a wide range of 4G devices, including compact USB modems and other wireless devices, all aimed at making lives in these 4G cities more mobile and efficient.
Clearwire’s 4G service is branded CLEAR. CLEAR offers super fast mobile Internet service that works as fast on the go as it does at home. Customers will be able to purchase service online at www.clear.com, at CLEAR retail stores, from national retailers and local authorized dealers. For more information about pricing, services, devices, and local retail locations, visit www.clear.com.
Sprint’s 4G service is branded Sprint 4G. Sprint 3G/4G dual mode products available today combine the dependable nationwide Sprint 3G network with the turbo-charged wireless connectivity of Sprint 4G. With Sprint 4G, streaming video, fast file downloads and uploads and turbo-charged web browsing are no longer just home, office or coffee shop benefits. Sprint 4G plans are available in at Sprint retail stores, Best Buy stores and local retailers in 4G service areas and Sprint telesales at 1-800-Sprint-1 or online at www.sprint.com/4G.
Current 4G Markets
4G mobile broadband service is available today in 32 markets covering 41 million people. Services are offered by Clearwire and Sprint in each market. By the end of 2010, Clearwire’s 4G mobile broadband network is expected to be available to up to 120 million people across the United States.
Clearwire and Sprint also announced today in separate releases the coming launch of service in additional cities across the United States.
Clearwire Corporation (NASDAQ:CLWR), through its operating subsidiaries, is a leading provider of mobile broadband services. Our 4G network is currently available in areas of the U.S. where 41 million people live and the company plans to continue to expand our 4G coverage. 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 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 http://www.clearwire.com.
About Sprint Nextel
Sprint Nextel offers a comprehensive range of wireless and wireline communications services bringing the freedom of mobility to consumers, businesses and government users. Sprint Nextel served more than 48 million customers at the end of the first quarter of 2010 and is widely recognized for developing, engineering and deploying innovative technologies, and the first and only wireless 4G service from a national carrier in the United States; offering industry-leading mobile data services, leading prepaid brands including Virgin Mobile USA, Boost Mobile and Assurance Wireless and instant national and international push-to-talk capabilities; and a global Tier 1 Internet backbone. With its customer-focused strategy, you can learn more and visit Sprint at www.sprint.com or www.facebook.com/sprint and www.twitter.com/sprint.
This release, and other written and oral statements made by Clearwire from time to time, contains 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. Some factors that could cause actual results to differ are:
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 heading "Risk Factors" in our Annual Report on Form 10-K filed on February 24, 2010. Clearwire assumes no obligation to update or supplement such forward-looking statements.