Clearwire TDD-LTE Network to Serve 4G "Hot Zones" in New York, San Francisco, Los Angeles, Chicago, Seattle and More
Posted on April 26, 2012 at 16:01 PM EDT
BELLEVUE, Wash., April 26, 2012 (GLOBE NEWSWIRE) -- Clearwire Corporation (Nasdaq:CLWR) today announced that New York City, San Francisco, Los Angeles, Chicago and Seattle will be among the 31 cities where the company will launch its TDD-LTE network during the first half of 2013. Deployment of Clearwire's TDD-LTE network will target high demand "hot zones" in major urban centers where demand for 4G mobile broadband access is high and the need for deep 4G capacity resources is most acute.
"Our new 4G network will show that not all LTE networks are created equal," said Erik Prusch, President and CEO of Clearwire. "Clearwire's LTE Advanced-ready network will deploy our deep spectrum resources for the next great era in mobile broadband in which capacity is king. We're positioned to bring much needed capacity on a wholesale basis to address the unbridled demand for mobile data and the scarcity of spectrum in major urban and suburban markets."
Clearwire LTE: The Next-Generation of 4G
Clearwire's next-generation LTE Advanced-ready network will be a major advancement over the current LTE networks deployed in the U.S. By leveraging its deep spectrum holdings to commercialize large contiguous swaths of spectrum in a given market, Clearwire believes its LTE Advanced-ready network will further differentiate it as a leader in next-generation 4G mobile broadband technology, capable of serving the current and anticipated future demands of wholesale and retail customers.
The company will announce the additional cities where it will launch TDD-LTE service at a later date.
Clearwire Corporation (Nasdaq:CLWR), through its operating subsidiaries, is a leading provider of 4G wireless broadband services offering services in areas of the U.S. where more than 130 million people live. The company holds the deepest portfolio of wireless spectrum available for data services in the U.S. Clearwire serves retail customers through its own CLEAR® brand as well as through wholesale relationships with some of the leading companies in the retail, technology and telecommunications industries, including Sprint and NetZero. The company is constructing a next-generation 4G LTE Advanced-ready network to address the capacity needs of the market, and is also working closely with the Global TDD-LTE Initiative and China Mobile to further the TDD-LTE ecosystem. Clearwire is headquartered in Bellevue, Wash. Additional information is available at http://www.clearwire.com.
This release, and other written and oral statements made by Clearwire from time to time, contain 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 16, 2012 and in subsequent Form 10-Q filings. Clearwire assumes no obligation to update or supplement such forward-looking statements.
CONTACT: Investor Relations: Alice Ryder, 425-636-5828 firstname.lastname@example.org Media Relations: Susan Johnston, 425-216-7913 email@example.com JLM Partners for Clearwire: Mike DiGioia or Jeremy Pemble, 206-381-3600 firstname.lastname@example.org or email@example.com
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