Clearwire 2009 Annual Report Download - page 5

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First National 4G Wireless Network
We ended 2009 with 688,000 total subscribers, up 45 percent from the
pro forma1 subscriber base at the end of 2008, consisting of 438,000 4G
subscribers and 250,000 pre-4G subscribers. During the fourth quarter 2009,
our 4G subscriber base more than doubled sequentially when compared with
the previous quarter. Our 4G “network of networks” strategy became a reality
in 2009 with the wholesale service launches from Sprint, Comcast, and Time
Warner Cable. Clearwire ended 2009 with approximately 46,000 wholesale
subscribers. In the fourth quarter 2009, retail subscriber growth of 87,000
outpaced the fi rst three quarters combined.
2009 revenue grew 19 percent to $274.5 million compared with pro forma1
2008 results. During the fourth quarter, we raised $4.3 billion including $1.6
billion of additional fi nancial support from strategic investors and refi nancing
of debt, which extends its maturity to late 2015.
Pre-WiMAX Markets Today
WiMAX Markets Today
Current & Planned WiMAX Coverage
Seattle, WA
Bellingham, WA
Portland, OR
Boise, ID
Las Vegas, NV
Honolulu & Maui, HI
Chicago, IL
Atlanta, GA
Philadelphia, PA
Baltimore, MD
Texas markets include: Abilene,
Amarillo, Austin, Corpus Christi,
Dallas, Killeen/Temple, Lubbock,
Midland/Odessa, San Antonio,
Waco and Wichita Falls
Planned Launches 2010:
• New York
• Los Angeles
• Boston
• Washington D.C.
• Houston
• San Francisco/San Jose
• Miami
• Denver
• Minneapolis
• Cincinnati
• Cleveland
• Salt Lake City
• St. Louis
• Pittsburgh
• Kansas City
Source: Company Filings
44.1MM POPs at the end of 2009
120MM POPs expected at the end of 2010