Clearwire 2009 Annual Report Download - page 8

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We believe that with our signifi cant spectrum holdings, all-IP based network,
and faster network speeds we will continue to expand our network reach
propelling Clearwire to be the national leader in 4G mobile broadband.
On behalf of the Clearwire Team, I want to thank you for your belief in us. And
I look forward to sharing with you our progress in the mobile broadband space.
Warmest regards,
William (Bill) T. Morrow
Notes:
(1) On November 28, 2008, Clearwire, Sprint Nextel Corporation, Comcast Corporation, Time Warner Cable, Inc., Bright House
Networks, LLC, Google Inc. and Intel Corporation completed the transactions (the “Transactions”) contemplated by the
Transaction Agreement and Plan of Merger entered into by the parties on May 7, 2008. In order to facilitate the most useful
comparative analysis between periods, the company has included in its Annual Report unaudited pro forma combined
statements of operations of Clearwire for the twelve month periods ending December 31, 2008 and 2007. The unaudited pro
forma combined statements of operations give effect to the Transactions as if they were consummated on January 1, 2007,
and are based upon the fi nancial results for both Old Clearwire and the Sprint WiMAX Business for the relevant periods.
A full presentation of the unaudited pro forma combined statements of operations for the years ended December 31, 2008
and 2007, and accompanying notes, are provided on subsequent pages of the attached Annual Report on Form 10-K.
(2) Clearwire utilizes certain fi nancial measures which are widely used in the telecommunications industry and are not calculated
based on accounting principles generally accepted in the United States of America (GAAP). Certain of these fi nancial measures
are considered non-GAAP fi nancial measures within the meaning of Item 10 of Regulation S-K promulgated by the SEC. Retail ARPU
is revenue comprised of total revenue, less: acquired businesses revenue (revenue from entities that were acquired by Old Clearwire),
the revenue generated from the sales of devices, shipping revenue, and wholesale revenue; divided by the average number of retail
subscribers in the period divided by the number of months in the period. Retail CPGA (Cost per Gross Addition) is selling, general
and administrative costs less general and administrative costs and acquired businesses costs, plus devices equipment subsidy, divided
by gross retail customer additions in the period.