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Who is Clearwire? Clearwire Corporation’s principal activity is to build and operate next generation wireless broadband networks that provide entire communities with high-speed residential and mobile Internet access services and residential voice services. The wireless broadband networks covers and delivers a wireless broadband connection that creates a new communications path into the home or office and also provides a broadband connection anytime and anywhere within the Groups coverage area.
Started in 2003 by telecom pioneer Craig McCaw.
Founder of Cellular One and innovator behind Nextel’s “Push to Talk” technology.
Clearwire Values Every aspect of Clearwire’s business is guided by CLEAR values: Customer centric with every decision - Customer experience drives our actions, and we constantly ask how our work delivers the right customer experience. Low cost in all we do. - We are frugal with the company resources; we focus on operational efficiency that drives the lowest cost structure. East to use at every touch-point. - Striving for simplicity in the products and services we deliver, in the way we do business, and how we interact as a team Always better than yesterday, our competition, and our user expectations - We encourage and reward innovation and diversity of perspective, and a culture of continuous improvement Really fast transmission speeds, actions and results. - A sense of urgency guides our actions; we deliver products and services that are always faster than the competition. At Clearwire, success is about more than having a healthy bottom line. Guided by our values, we are committed to making Clearwire an amazing and unique place to work for each member of our team 3
Selected Financial Data The year ended December 31, 2008 includes the results of operations for the Sprint WiMAX Business for the first eleven months of 2008 prior to the closing of the Transactions and the results of Clearwire’s operations subsequent to the Closing. The 2007 operations data represents the Sprint WiMAX Business’ historical results of operations. Prior to the Closing, Clearwire had no equity as it is a wholly-owned division of Sprint. As such, Clearwire did not calculate or present net loss per share for the period from January 1, 2008 to November 28, 2008 and the year ended December 31, 2007. Clearwire has calculated and presented basic and diluted net loss per share for the period from November 29, 2008 through December 31, 2008 and for the year ended December 31, 2009. 13
Annual Revenue Forecast A pattern of increasing sales in conjunction with a rising EPS may influence a buy recommendation, while flat or falling sales and faltering earnings may explain a sell recommendation. A rising EPS with flat or falling sales may result from increased cost efficiency and margins, rather than market expansion. This chart shows the revenue forecast trend of all analysts and the highest and lowest projections for the current and next fiscal year. 15