|[December 20, 2011]
Clearwire Selects Alianza to Manage Voice-Over 4G Products and Services
BELLEVUE, Wash. & SALT LAKE CITY --(Business Wire)--
Corporation (NASDAQ:CLWR), a leading provider of 4G wireless
broadband services, and Alianza,
a leading provider of cloud-based VoIP solutions, today announced a
four-year, hosted software licensing agreement wherein Alianza will be
responsible for managing Clearwire's (News - Alert) voice products and services.
Under the new agreement, Alianza will oversee day-to-day voice
operations for Clearwire and supply all end-to-end software components
of the hosted voice platform, including soft switch, application feature
server, call rating, CPE provisioning, monitoring, security, and
end-user self-support tools.
"Alianza's proven expertise and track record in successfully deploying
voice-over 4G wireless networks makes this relationship a natural fit
for Clearwire," said Dow Draper, Clearwire Senior Vice President and
General Manager of Retail. "Alianza's one-stop shopping approach to VoIP
service delivery is an ideal solution to Clearwire's need for a
turn-key, highly scalable, customizable voice platform that provides us
with the opportunity to consider new consumer offerings previously
unavailable to CLEAR."
Alianza's end-to-end voice platform combines all the back-office
platform management, product management, and end-user support functions
into a single web-based administrative user interface. In addition,
numerous administrative functions that traditionally require manual
processes are automated through Alianza's robust API and are designed to
reduce Clearwire's overall cost of management related to voice services.
"We are excited to be a part of Clearwire's strategy for delivering VoIP
services bundled with 4G wireless broadband to customers across the
United States," said Brian Beutler (News - Alert), Chief Executive Officer, Alianza.
"This is a key agreement for Alianza, and we are looking forward to
providing Clearwire with the highest quality and most reliable voice
"This hosted software agreement is a great move for both Clearwire and
Alianza, one that will have near-term and long-term benefits for both
companies," observed Diane Myers, Directing Analyst at Infonetics
Research. "In addition to providing improvements in system management,
upfront costs, and overall VoIP profitability, Alianza's cloud-based
VoIP delivery platform gives operators the strategic benefit of
leveraging best practices from operators across Alianza's customer
network in order to accelerate voice services deployments."
Alianza's award-winning hosted voice platform enables broadband
operators to deploy feature-rich and highly scalable voice services
bundled with their broadband offerings - with no capital expenditure.
Alianza offers both residential and business-class features. All core
platform components are unified into a single interface, providing a
seamless back-office experience. Alianza's proprietary technology
provides a cost effective and customizable platform for each service
provider. Alianza's customers increase market share and margin by
deploying a fully integrated, white label voice solution. For more
information, visit www.alianza.com.
Clearwire Corporation (NASDAQ: CLWR), through its operating
subsidiaries, is a leading provider of wireless broadband services.
Clearwire's 4G network currently provides coverage in areas of the U.S.
where more than 130 million people live. Clearwire's open all-IP
network, combined with significant spectrum holdings, provides an
unprecedented combination of speed and mobility to deliver
next-generation broadband access. The company markets its 4G service
through its own brand called CLEAR®, as well as through its wholesale
relationships with companies such as Sprint, Comcast, Time Warner Cable,
Locus Telecommunications, Cbeyond, Mitel, Best Buy and United Online.
Strategic investors include Intel (News - Alert) Capital, Comcast, Sprint, Google, Time
Warner Cable, and Bright House Networks. Clearwire is headquartered in
Bellevue, Wash. Additional information is available at www.clearwire.com.
This release, and other written and oral statements made by Clearwire
from time to time, contain 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, management's expectations regarding future financial and
operating performance and financial condition; proposed transactions;
network development and market launch plans; strategic plans and
objectives; industry conditions; the strength of the balance sheet; and
liquidity and financing needs. The words "will," "would," "may,"
"should," "estimate," "project," "forecast," "intend," "expect,"
"believe," "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, many of which are outside of
Clearwire's control, which could cause actual results to differ
materially and adversely from such statements. Some factors that could
cause actual results to differ are:
We have a history of operating losses, and we expect to continue to
realize significant net losses for the foreseeable future.
If our business fails to perform as we expect or if we incur
unforeseen expenses in the near term, we will require additional
capital to fund our current business. Also, we will need substantial
additional capital over the intermediate and long-term. Such
additional capital may not be available on acceptable terms or at all.
If we fail to obtain additional capital, our business prospects,
financial condition and results of operations will likely be
materially and adversely affected, and we will be forced to consider
all available alternatives.
Our current plans and projections are based on a number of
assumptions about our future performance, which may prove to be
inaccurate, such as our ability to substantially expand our wholesale
business and implement various cost savings initiatives.
Our business has become increasingly dependent on our wholesale
partners, and Sprint (News - Alert) in particular. If we do not receive the amount of
revenues we expect from existing wholesale partners or if we are
unable to enter into new agreements with additional wholesale partners
for new wholesale commitments, our business prospects, results of
operations, and financial condition could be adversely affected, or we
could be forced to consider all available alternatives.
We regularly evaluate our plans, and we may elect to pursue new or
alternative strategies which we believe would be beneficial to our
business, including among other things, expanding our network coverage
to new markets, augmenting our network coverage in existing markets,
changing our sales and marketing strategy, and/or acquiring additional
spectrum. Such modifications to our plans could significantly change
our capital requirements.
We believe we will need to deploy LTE on our wireless broadband
network, alongside mobile WiMAX (News - Alert), to be able to continue to operate in
the long term. We will incur significant costs to deploy such
technology, and we will need to raise substantial additional capital
to cover such costs. Additionally, LTE technology, or other
alternative technologies that we may consider, may not perform as we
expect on our network, and deploying such technologies would result in
additional risks to the company, including uncertainty regarding our
ability to successfully add a new technology to our current network
and to operate dual technology networks without disruptions to
customer service, as well as our ability to generate new wholesale
customers for the new network.
We currently depend on our commercial partners to develop and
deliver the equipment for our legacy and mobile WiMAX networks.
Many of our competitors for our retail business are better
established and have significantly greater resources, and may
subsidize their competitive offerings with other products and services.
Our substantial indebtedness and restrictive debt covenants could
limit our financing options and liquidity position and may limit our
ability to grow our business.
Sprint owns just less than a majority of our common shares, is our
largest shareholder, and has the contractual ability to obtain enough
shares to hold the majority voting interest in the company, and Sprint
may have, or may develop in the future, interests that may diverge
from other stockholders.
Future sales of large blocks of our common stock may adversely
impact our stock price.
For a more detailed description of the factors that could cause such
a difference, please refer to Clearwire's filings with the Securities
and Exchange Commission, including the information under the heading
"Risk Factors" in our Annual Report on Form 10-K filed on February 22,
2011 and subsequent Form 10-Q filings. Clearwire assumes no obligation
to update or supplement such forward-looking statements.
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