Clearwire's LTE Advanced-Ready Network to Offer
Capacity Resources for Cricket's 4G Network
Agreement Will Supplement LTE Coverage that Cricket is
Deploying Across its Own Networks
San Diego and Bellevue, Wash. - March 14, 2012 - Cricket
Communications, Inc., a leading provider of innovative and
value-driven wireless services, and Clearwire Corp (NADSAQ:
CLWR) today announced that they have entered into a
five-year wholesale agreement. With the agreement, Cricket
will become the second operator signed on to leverage
Clearwire's forthcoming LTE Advanced-ready network,
which will provide capacity off-load services to supplement
Cricket's own LTE network. Cricket currently plans to
deploy LTE across approximately two-thirds of its current
network footprint over the next two to three years and to
cover up to approximately 25 million POPs with LTE network
technology in 2012.
"The high-speed 4G LTE networks we are deploying will
complement our current robust 3G network and allow us to
continue innovating value for our Cricket customers,"
said Doug Hutcheson, President and CEO of Leap Wireless,
Cricket's parent company. "We believe this
agreement with Clearwire provides us with an attractive
option to supplement our own LTE build-out strategy and
gives us the flexibility to access additional 4G capacity
where needed as data-centric devices continue to become
"The beginning of our long-term wholesale partnership
with Cricket is a key step forward in the development of
Clearwire's wholesale LTE business model," said
Erik Prusch, President and CEO of Clearwire. "Not all
LTE networks are created equally. We have always believed
that our unmatched spectrum portfolio offers a compelling
resource that can and will enable wireless operators to
thrive in the 4G marketplace of the future. We are very
pleased to provide Cricket with additional mobile broadband
resources to supplement their own LTE build in order to
deliver a robust 4G experience for their customers and we
continue to actively seek new opportunities to serve the
needs of other 4G providers."
Financial terms of the agreement were not disclosed.
Cricket is the pioneer and leader in delivering innovative
value-rich prepaid wireless services with no long-term
contracts serving more than 5.9 million customers. Cricket
offers wireless voice and mobile data services over the
latest, high-quality, all-digital 4G (LTE) and 3G CDMA
wireless networks. In 2011, Cricket launched its
award-winning Muve Music® product, the first music service
designed for a wireless phone that now has more than
500,000 customers. Cricket's innovative products and
services are available at Cricket branded retail stores,
dealers, national retailers and at www.mycricket.com. For
more information about Cricket, please visit www.mycricket.com.
Clearwire Corporation (NASDAQ:CLWR), through its operating
subsidiaries, is a leading provider of 4G wireless
broadband services covering more than 130 million people in
the U.S. The company holds the deepest portfolio of
wireless spectrum available for data services in the U.S.
Clearwire serves retail customers through its own CLEAR®
brand as well as through wholesale relationships with some
of the leading companies in the retail, technology, and
telecommunications industries, including Sprint. The
company plans to launch a next-generation 4G LTE
Advanced-ready network to address the capacity needs of the
market, working closely with the Global TDD-LTE Initiative
and China Mobile. Clearwire is headquartered in Bellevue,
Wash. Additional information is available at http://www.clearwire.com.
This release contains forward-looking statements which are
based on management's current expectations and beliefs,
as well as on a number of assumptions concerning future
events made with information that is currently available.
Forward-looking statements may include, without limitation,
expectations regarding the companies' respective
network development and market launch plans and the
provision of wholesale roaming services under the agreement
being entered into. The words "will,"
"would," "may," "should,"
"target," "designed," "plan"
and similar expressions are intended to identify
forward-looking statements. Readers are cautioned not to
put undue reliance on such forward- looking statements,
which are not a guarantee of performance and are subject to
a number of uncertainties and other factors, which could
cause actual results to differ materially and adversely
from such statements. For a more detailed description of
the factors that could cause such differences, please refer
to the filings made by Clearwire and Cricket's parent
company, Leap Wireless International, Inc., with the
Securities and Exchange Commission, including the
information under the heading "Risk Factors" in
the parties' respective Annual Reports on Form 10-K.
The parties assume no obligation to update or supplement
such forward-looking statements.
Greg Lund, Media Relations
Amy Wakeham, Investor Relations
Susan Johnston, Media Relations
Alice Ryder, Investor Relations
JLM Partners for Clearwire
Mike DiGioia or Jeremy Pemble, 206-381-3600
[email protected] or