Clearwire

Clearwire Corporation
Company typePublic
Nasdaq: CLWR
IndustryWireless communications
Founded1998; 26 years ago (1998), in Arlington, Texas, United States
DefunctSeptember 2013 (2013-09)
FateAcquired by Sprint Nextel, now Sprint Corporation
Headquarters
Bellevue, Washington
,
United States
Area served
Key people
Decrease (US$2,391,237,000) (2011)
Decrease (US$357,668,000) (2011)
Total assetsDecrease US$8,842,652,000 (2011)
Total equityDecrease US$3,646,038,000 (2011)
Number of employees
932 (2013)
ParentSprint Corporation
Subsidiaries
  • Clearwire Belgium sprl
  • Clearwire España S.A.
  • Clearwire Communications LLC
Websiteclearwire.com clear.com
Footnotes / references
[1][2][3][4][5]

Clearwire Corporation (stylized as clearw˙re) was a telecommunications operator which provided mobile and fixed wireless broadband communications services to retail and wholesale customers in the United States, Belgium, Ireland and Spain. Clearwire traces its roots to 1998, when Sierra Technologies, Inc., spun off certain assets to form a new company, Clearwire Technologies Inc.[6] In October 2003, Craig McCaw purchased Clearwire Technologies, Inc. parent company Clearwire Holdings and moved the company headquarters to Kirkland, Washington. In 2012, Clearwire moved the company headquarters to Bellevue, Washington.

A large percentage of Clearwire shares were previously owned by a number of large companies including Sprint Nextel Corporation (now Sprint Corporation and later merged with T-Mobile US), Comcast Corporation, Time Warner Cable Inc., Bright House Networks, LLC, Google Inc. and Intel Corporation. Sprint Nextel was Clearwire's largest single shareholder, owning a 50.8% combined stake and control of the company.[7] On July 9, 2013, Sprint Nextel completed acquiring the remaining shares it didn't already own, becoming sole owner of Clearwire Corporation. The day after, on July 10, 2013, Sprint Nextel and SoftBank Corp. announced the completion of their merger, where Softbank invested $21.6 billion in Sprint.[8]

Clearwire provided services to 88 markets in the United States covering 134 million potential subscribers. Sprint Corporation owns rights to radio frequency spectrum in the 2.5 GHz range which provides service primarily using the 4G 802.16e mobile WiMAX standard. Clearwire also provides service to customers in 17 U.S. cities using the Motorola Expedience 802.16d radio interface which the company refers to as "Pre-4G".[1]

Clearwire was ranked as the fifth largest wireless provider in the U.S., prior to being acquired, with roughly 11 million subscribers who used the WiMAX network as of January 2012. Sprint ceased operations of the Clearwire Network on November 6, 2015.

  1. ^ a b Clearwire Corporation (February 16, 2012). "Form 10-K Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the fiscal year ended December 31, 2011 Commission file number 001-34196 Clearwire Corporation". United States Securities and Exchange Commission. Retrieved May 29, 2012.
  2. ^ "Clearwire Promotes Erik Prusch to President and CEO; Names John Stanton Executive Chairman (NASDAQ:CLWR)". Corporate.clearwire.com. Archived from the original on March 17, 2012. Retrieved May 15, 2012.
  3. ^ Q4 and Full-Year 2010 Financial Results[permanent dead link]
  4. ^ Net loss attributable to Clearwire corporation is ($487,437) which represents the net loss less non-controlling interests in net loss of consolidated subsidiaries of (1,815,657) per Q4 and year-end 2010 earnings results
  5. ^ "Archived copy". Archived from the original on March 4, 2016. Retrieved February 8, 2011.{{cite web}}: CS1 maint: archived copy as title (link)
  6. ^ "Clearwire, Inc. History". FundingUniverse. Retrieved May 28, 2012.
  7. ^ Cite error: The named reference softbank-cnbc was invoked but never defined (see the help page).
  8. ^ "Sprint and SoftBank Announce Completion of Merger". Sprint Newsroom. July 10, 2013. Archived from the original on September 2, 2013. Retrieved August 15, 2013.