Clearwire 2008 Annual Report Download - page 3

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LETTER TO SHAREHOLDERS
Dear Fellow Shareholder:
2008 was a momentous year for Clearwire. Through a series of strategic transactions over
the past several years, culminating in our combination with Sprint Nextel Corporation’s
4G business unit and the completion of a $3.2 billion fi nancing round last year, we have
brought together the key assets – extensive wireless spectrum holdings, next-generation
wireless technology, and substantial fi nancial resources – to achieve our vision to deliver
seamless 4G communications through one of the fastest, most capable and most cost
e ective wireless networks ever built.
We are committed to providing our customers with a di erentiated true broadband
experience that satisfi es the ever growing demand for access to Internet content and
services whenever and wherever people happen to be. We are delivering on this
commitment by providing our customers with a simple, fast and reliable experience that
is intended to o er a better value made possible by the innovation and low cost structure
we are employing. We fi rmly believe that the company is better positioned than ever to
compete and succeed, and that our competitive advantage is not measured in months
but rather by the strength of our assets.
We fi rmly believe that the company is better positioned
than ever to compete and succeed.
Clearwire’s opportunity is greatly bolstered by a convergence of wireless industry trends.
Growth in consumer demand and device innovation for mobile Internet services has never
been more compelling. A recent report from the Cisco® Visual Networking Index projects
that mobile data tra c will have increased a thousand-fold over the seven years from 2005
to 2012, with video driving most of the world’s mobile tra c growth. According to this
report, a single high-end smartphone – such as the iPhone™ or BlackBerry® – generates
more data tra c than 30 basic-feature cell phones, while a single laptop air card generates
more data tra c than 450 basic-feature cell phones.
Our own experience refl ects a similar trend. Average usage on PC Cards in our pre-WiMAX
markets nearly doubled from January 2008 to January 2009; and initial results from our
recently launched 4G USB modems show average usage has already more than doubled
again that of our pre-WiMAX markets.