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March 10, 2009

Clearwire Q4 net loss widens

Posts a revenue of $20.49m

By CBR Staff Writer

Clearwire, which builds and operates wireless broadband networks, has reported a net loss of $118.02m, or $0.28 per diluted common share, for the fourth quarter ended December 31, 2008, compared to $108.31m in the same quarter of 2007.

Operating loss for the fourth quarter of 2008 was $234.82m, compared to $104.33m in the corresponding quarter of 2007. The company has reported revenues of $20.49m in the fourth quarter of 2008.

Net loss for the year ended December 31, 2008 was $432.63m, compared to $224.72m in 2007. Operating loss for 2008 was $493.08m, compared to $212.38m in 2007. The company has reported revenues of $20.49m in 2008.

Total assets of the company as of December 31, 2008 were $9.12 billion, compared to $3.14 billion in 2007.

Benjamin Wolff, CEO of Clearwire, said: As we move into 2009, we are expanding our network to support the rapidly growing consumer appetite for 4G mobile broadband services. We firmly believe that we are in the right place at the right time, with an unmatched group of assets, enabling us to build long-term value for our shareholders as we re-invent the way people use, experience and connect to the internet.

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