Clearwire 2010 Annual Report Download - page 4
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Please find page 4 of the 2010 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.-
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A Dynamic Industry
The telecom industry is dynamic. While new relationships are constantly being formed, two
things that remain constant are the need for spectrum and the importance of meeting
consumers’ demands. As we close the first quarter of 2011, I believe we have a very solid
foundation in both of these areas. We are being prudent with our finances and tightly con-
trolling expenses as we strive to be EBITDA positive in 2012.
Our strong relationship with Sprint, Clearwire’s largest customer, vendor, and shareholder, is
critical to our mutual success. We continue to work intimately with Sprint to collaborate on
goals as evidenced by our recently announced new long-term wholesale agreement which
benefits both companies. As part of the agreement, Sprint will guarantee Clearwire a minimum
$1 billion cash commitment for 4G wholesale services over the next two years. Together, we’re
pleased to move forward with the resources and partnership necessary to expand our 4G
leadership.
While the search for a permanent CEO is underway, I’m honored to lead this company on an
interim basis and I’m keenly focused on Clearwire’s success. During my brief tenure we’ve
made some important decisions to streamline operations for long-term success. With a rich
spectrum position, 4G network covering nearly 130 million people, a growing customer and
revenue base, and a talented leadership team, this company can do great things.
On behalf of everyone at Clearwire, we thank you for your continued support. We look forward
to sharing with you our progress in the year ahead.
Best regards,
John Stanton
Chairman and Interim CEO