Clearwire 2008 Annual Report Download - page 47

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• consumers may not su
b
scr
ib
e to our serv
i
ces or may not
b
ew
illi
ng to pay t
h
e amount we expect to rece
i
ve
f
o
r
our services;
• we may not
b
ea
bl
e to rea
li
ze econom
i
es o
f
sca
l
e;
• our subscribers ma
y
elect to cancel our services at rates that are
g
reater than we expect
;
•wema
yb
e una
bl
e to respon
d
success
f
u
lly
to a
d
vances
i
n compet
i
n
g
tec
h
no
l
o
gi
es
i
nat
i
me
ly
an
d
cost-
e
ffective manner
;
• we may
l
ac
k
t
h
e
fi
nanc
i
a
l
an
d
operat
i
ona
l
resources necessary to ena
bl
et
h
e
d
eve
l
opment an
dd
ep
l
oyment o
f
n
etwor
k
components an
d
so
f
tware t
h
at
d
o not current
ly
ex
i
st an
d
t
h
at ma
y
requ
i
re su
b
stant
i
a
l
up
g
ra
d
es to o
r
replacements of existin
g
infrastructure; and
•ex
i
st
i
ng, propose
d
or un
d
eve
l
ope
d
tec
h
no
l
og
i
es may ren
d
er our ex
i
st
i
ng or p
l
anne
d
serv
i
ces
l
ess pro
fi
ta
ble
or obsolete
.
As our serv
i
ces an
d
t
h
ose o
ff
ere
db
y our compet
i
tors
d
eve
l
op,
b
us
i
nesses an
d
consumers,
i
nc
l
u
di
ng our current
s
ubscribers, ma
y
not accept our services as an attractive alternative to other means of receivin
g
wireless broadban
d
s
erv
i
ces
.
If
we
d
o not o
b
tain an
d
maintain rig
h
ts to use
l
icense
d
s
p
ectrum in one or more mar
k
ets, we ma
ybe
u
na
bl
etoo
p
erate in t
h
ese mar
k
ets, w
h
ic
h
cou
ld
a
d
verse
ly
a
ff
ect our a
b
i
l
it
y
to execute our
b
usines
s
s
t
ra
t
egy
.
T
o offer our services using licensed spectrum both in the United States and internationally, we depend on our
a
bili
t
y
to acqu
i
re an
d
ma
i
nta
i
nsu
ffi
c
i
ent r
igh
ts to use spectrum t
h
rou
gh
owners
hi
por
l
on
g
-term
l
eases
i
n eac
h
o
f
t
he
m
arkets in which we operate or intend to operate. Obtainin
g
the necessar
y
amount of licensed spectrum in these
m
arkets can be a long and difficult process that can be costly and require a disproportionate amount of our
r
esources. We ma
y
not
b
ea
bl
e to acqu
i
re,
l
ease or ma
i
nta
i
nt
h
e spectrum necessar
y
to execute our
b
us
i
ness strate
gy
.
In addition, we have in the past and ma
y
continue to spend si
g
nificant resources to acquire spectrum in additional o
r
e
xistin
g
markets, even if the amount of spectrum actuall
y
acquired in certain markets is not adequate to deplo
y
our
n
et
w
or
k
on a commerc
i
a
lb
as
i
s
i
na
ll
suc
h
mar
k
ets
.
Usin
g
licensed spectrum, whether owned or leased, poses additional risks to us, includin
g:
•
i
na
bili
t
y
to sat
i
s
fy b
u
ild
-out or serv
i
ce
d
ep
l
o
y
ment requ
i
rements on w
hi
c
h
some o
f
our spectrum
li
censes o
r
leases are, or ma
y
be, conditioned, which ma
y
result in the loss of our ri
g
hts to the spectrum sub
j
ect to the
requirements;
• adverse chan
g
es to re
g
ulations
g
overnin
g
our spectrum ri
g
hts;
•
i
na
bili
t
y
to use a port
i
on o
f
t
h
e spectrum we
h
ave acqu
i
re
d
or
l
ease
dd
ue to
i
nter
f
erence
f
rom
li
cense
d
o
r
u
n
li
cense
d
operators
i
n our
b
an
d
or
i
na
dj
acent
b
an
d
s;
•re
f
usa
lb
yt
h
e FCC, or one or more
f
ore
i
gn
li
cens
i
ng aut
h
or
i
t
i
es to recogn
i
ze our acqu
i
s
i
t
i
on or
l
ease o
f
s
pectrum
li
censes
f
rom ot
h
ers or our
i
nvestments
i
not
h
er
li
cense
h
o
ld
ers
;
•
i
na
bili
ty to o
ff
er new serv
i
ces or to expan
d
ex
i
st
i
ng serv
i
ces to ta
k
ea
d
vantage o
f
new capa
bili
t
i
es o
f
our
n
etwor
k
resu
l
t
i
ng
f
rom a
d
vancements
i
n tec
h
no
l
ogy
d
ue to regu
l
at
i
ons govern
i
ng our spectrum r
i
g
h
ts;
• inabilit
y
to control leased spectrum due to contractual disputes with, or the bankruptc
y
or other reor
g
a-
ni
zat
i
on o
f
,t
h
e
li
cense
h
o
ld
ers, or t
hi
r
d
part
i
es;
•
f
a
il
ure o
f
t
h
e FCC or ot
h
er re
g
u
l
ators to renew our spectrum
li
censes or t
h
ose o
f
our
l
essors as t
h
e
y
exp
i
re
;
•
f
a
il
ure to o
b
ta
i
n extens
i
ons or renewa
l
so
f
spectrum
l
eases, or an
i
na
bili
t
y
to rene
g
ot
i
ate suc
hl
eases, o
n
terms accepta
bl
etous
b
e
f
ore t
h
e
y
exp
i
re, w
hi
c
h
ma
y
resu
l
t
i
nt
h
e
l
oss o
f
spectrum we nee
d
to operate ou
r
n
etwork in the market covered b
y
the spectrum leases;
35