Clearwire 2008 Annual Report Download - page 7
Download and view the complete annual report
Please find page 7 of the 2008 Clearwire annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2 -
3 -
4 -
5 -
6 -
7 -
8 -
9 -
10 -
11 -
12 -
13 -
14 -
15 -
16 -
17 -
18 -
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
 |
 |
MESSAGE FROM THE CHIEF EXECUTIVE
I am thrilled to be leading Clearwire at such a pivotal time. Since joining the company,
I have found a strong culture of innovation and execution fueled by a tenacious
entrepreneurial spirit – qualities I believe to be essential to successfully build a new kind of
broadband business. Together, we are building a di erent and better Internet experience
by combining speed and mobility in ways never before possible. We are working to deliver
indispensible Internet services, applications and content for our customers as we strive to
create long-term value for our shareholders.
The wireless industry is truly on the cusp of a major shift in how we meet our customers’
needs. The demand for mobile Internet access is already beginning to outpace what
current 3G networks can deliver, and home broadband usage continues to grow
dramatically. We are not the only company to recognize this. We face competition from
the incumbent wireless carriers that see this opportunity, and the current strain on their
networks. However, we are a di erent type of challenger.
The compelling operating results that we’ve achieved in
our pre-WiMAX networks bode well for our company as
we deploy mobile WiMAX services.
We are not a wireless company in the conventional sense. We’re a true broadband Internet
service provider, which happens to be delivered wirelessly. We aren’t aiming to unseat the
incumbent wireless carriers in order to build a successful business.
Our green-fi eld opportunity to build an open, all-IP network designed specifi cally for
mobile broadband positions us at the forefront of meeting the consumer demand for
broadband access anytime, anywhere. We also have an incredible opportunity to wholesale
our services with some of the largest communications companies in the country. Given the
strength of our assets coupled with the increasing demand for mobile broadband services,
I am both confi dent and excited about the prospects for our company.
Beyond our core assets, solid fi nancial performance is crucial to our long-term success.
Clearwire’s 2008 pro forma(1) operational results showed continued strong growth in
revenues and market-level profi tability despite the overall macroeconomic decline and our
own mid-year decision to signifi cantly scale back sales and marketing activities in our pre-
WiMAX markets. To put it succinctly, the compelling operating results that we’ve achieved
in our pre-WiMAX networks bode well for our company as we deploy mobile WiMAX
services that hold the promise of greater di erentiation across a broader array of services
with higher ARPU(2)(3) opportunities.