Time Warner Cable 2010 Annual Report Download - page 31

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In its Quarterly Report on Form 10-Q for the quarter ended September 30, 2010, Clearwire disclosed that it may not
be able to continue to operate as a going concern. Subsequently, in December 2010, Clearwire raised $1.404 billion in a
private placement of debt securities. There can be no assurance that Clearwire will be able to obtain sufficient financing in
the future to continue its business, and it is possible that the Company may record an impairment charge on its investment
in Clearwire Communications in the future. See “Risk Factors—Risk Related to Competition—TWC’s competitive
position and business and financial results could suffer if consumers replace TWC’s traditional high-speed data or voice
services with wireless data or voice services or if TWC does not develop compelling wireless offerings.”
SpectrumCo
TWC is a participant in a joint venture with certain other cable companies (“SpectrumCo”) that holds advanced
wireless spectrum (“AWS”) licenses that cover 20 MHz over 80% of the continental United States and Hawaii.
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