Time Warner Cable to Offer 46.4 Million Shares of Clearwire Class A Common
BELLEVUE, Wash., Sept. 27, 2012 (GLOBE NEWSWIRE) -- Clearwire Corporation
(NASDAQ: CLWR) ("Clearwire"), a leading provider of 4G mobile broadband
services in the U.S., today announced the commencement of an underwritten
public offering of 46.4 million shares of its Class A common stock by certain
affiliates of Time Warner Cable Inc., which represents approximately 7.8% of
the total outstanding Class A common stock and approximately 3.2% of the total
outstanding Class A common stock and Class B common stock. Credit Suisse
Securities (USA) LLC is acting as the sole underwriter for the offering.
Clearwire will not receive any proceeds from the sale of the shares being sold
by the selling stockholders.
The offering of these securities is being made only by means of a prospectus
and related prospectus supplement, copies of which may be obtained by
contacting Credit Suisse Securities (USA) LLC, Attention: Prospectus
Department, One Madison Avenue, New York, NY 10010, via telephone: +1 (800)
221-1037, or by e-mail: email@example.com.
Clearwire has filed a registration statement (including a prospectus) with the
SEC for the offering to which this communication relates. This announcement
shall not constitute an offer to sell or the solicitation of an offer to buy
these securities, nor shall there be any offer or sale of these securities in
any jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such
Clearwire Corporation (NASDAQ: CLWR), through its operating subsidiaries, is a
leading provider of 4G wireless broadband services offering services in areas
of the U.S. where more than 130 million people live. Clearwire 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. Clearwire is
constructing a next-generation 4G LTE Advanced-ready network to address the
capacity needs of the market, and is also working closely with the Global
TDD-LTE Initiative and China Mobile to further the TDD-LTE ecosystem.
Clearwire is headquartered in Bellevue, Wash.
CONTACT: Investor Relations:
Alice Ryder, 425-636-5828
Susan Johnston, 425-216-7913
JLM Partners for Clearwire:
Mike DiGioia or Jeremy Pemble, 206-381-3600
firstname.lastname@example.org or email@example.com
Clearwire Corporation Logo
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