Clearwire Stockholders Approve Sprint-Clearwire Transaction

WCA's 4G Global Update: November 20, 2008

Clearwire today announced that its stockholders have approved the planned combination with Sprint's mobile WiMAX business and the investment of $3.2 billion by Intel, Google, Comcast, Time Warner Cable, Bright House Networks and Trilogy Partners, paving the way for a new era in mobile Internet services in the U.S. Clearwire's board of directors had unanimously recommended that stockholders vote in favor of the transaction. In addition, Clearwire announced today that it has secured lender consents for the transaction. The company is continuing to work toward closing the transaction before year-end.