Clearwire 2008 Annual Report Download - page 17

C
l
earw
i
re
h
o
ld
sa
ll
o
f
t
h
e outstan
di
ng C
l
earw
i
re Commun
i
cat
i
ons C
l
ass A Common Interests an
d
C
l
earw
i
r
e
Communications Votin
g
Interests, representin
g
27% of the economics (includin
g
the post-closin
g
ad
j
ustment
s
m
ade on the Adjustment Date) and 100% of the voting rights of Clearwire Communications.
I
ncluding the post-closing adjustments made on the Adjustment Date, the ownership interests of Sprint and the
Investors
i
n us are as
f
o
ll
ows:
•S
p
rint held 370,000,000 shares of Clearwire Class B Common Stock and an e
q
uivalent number of shares of
C
learwire Communications Class B Common Interests, representin
g
approximatel
y
51.1% of the ownershi
p
i
nterest in us
.
• Goo
g
le held 29,411,76
5
shares of Clearwire Class A Common Stock, representin
g
approximatel
y
4.1% of
the ownershi
p
interest in us
.
• Intel held
5
8,823,
5
30 shares of Clearwire Class B Common Stock, an e
q
uivalent number of shares of
C
learwire Communications Class B Common Interests, and 36,666,666 previously purchased shares of
Cl
earw
i
re C
l
ass A Common Stoc
k
, represent
i
n
g
approx
i
mate
ly
13.2% o
f
t
h
e owners
hi
p
i
nterest
i
nus
.
• Time Warner Cable held 32,352,941 shares of Clearwire Class B Common Stock and an equivalent number
of shares of Clearwire Communications Class B Common Interests, representin
g
approximatel
y
4.5% of the
ownershi
p
interest in us.
• Comcast held 61,764,70
5
shares of Clearwire Class B Common Stock and an e
q
uivalent number of shares of
C
learwire Communications Class B Common Interests, representing approximately 8.5% of the ownership
i
nterest
i
n us.
• Bright House held
5
,882,3
5
3 shares of Clearwire Class B Common Stock and an equivalent number of
sh
ares o
f
C
l
earw
i
re Commun
i
cat
i
ons C
l
ass B Common Interests, represent
i
n
g
approx
i
mate
ly
0.8% o
f
t
h
e
ownershi
p
interest in us.
• CW Investments held
5
88,23
5
shares of Clearwire Class A Common Stock, representin
g
approximatel
y
0
.1% of the ownershi
p
interest in us
.
At the Closin
g
, Clearwire, Sprint, Ea
g
le River Holdin
g
s, LLC, which we refer to as Ea
g
le River, and th
e
Investors entere
di
nto an Equ
i
ty
h
o
ld
ers’ Agreement, w
hi
c
h
we re
f
er to as t
h
e Equ
i
ty
h
o
ld
ers’ Agreement, an
d
w
hi
c
h
s
ets
f
ort
h
certa
i
nr
igh
ts an
d
o
blig
at
i
ons o
f
t
h
e part
i
es w
i
t
h
respect to t
h
e
g
overnance o
f
C
l
earw
i
re, trans
f
e
r
r
estrictions on Clearwire Class A and Class B Common Stock, ri
g
hts of first refusal and pre-emptive ri
g
hts, amon
g
other things. As the holders of approximately 87.1% of the total voting power of Clearwire, Sprint, Eagle River an
d
th
e Investors to
g
et
h
er e
ff
ect
i
ve
ly h
ave contro
l
o
f
C
l
earw
i
re
.
We current
l
y con
d
uct our operat
i
ons t
h
roug
h
our
d
omest
i
can
di
nternat
i
ona
l
su
b
s
idi
ar
i
es. We
h
ave t
h
re
e
p
r
i
mar
yd
omest
i
c operat
i
n
g
su
b
s
idi
ar
i
es t
h
at are w
h
o
lly
-owne
d
,
di
rect
ly
or
i
n
di
rect
ly
,
by
C
l
earw
i
re Commun
i-
c
ations: Clearwire US LLC, which o
p
erates our
p
re-WiMAX domestic markets and our mobile WiMAX market in
P
ort
l
an
d
, Oregon; C
l
ear W
i
re
l
ess Broa
db
an
d
LLC, w
hi
c
h
operates our mo
bil
eW
i
MAX mar
k
et
i
nBa
l
t
i
more
,
Mary
l
an
d
;an
d
C
l
ear W
i
re
l
ess LLC, w
hi
c
h
w
ill
operate a
ll
o
f
our p
l
anne
df
uture mo
bil
eW
i
MAX mar
k
ets. Our
s
pectrum leases and licenses in the United States are primaril
y
held b
y
separate holdin
g
companies. Internationall
y
,
our operat
i
ons are con
d
ucte
d
t
h
roug
h
C
l
earw
i
re Internat
i
ona
l
, LLC, an
i
n
di
rect, w
h
o
ll
y-owne
d
su
b
s
idi
ary o
f
C
l
earw
i
re Commun
i
cat
i
ons, w
hi
c
hi
n
di
rect
l
y
h
o
ld
s
i
nvestments
i
n Europe an
d
Mex
i
co
.
5