Sprint pay at least $1 billion by 2012 to use Clearwire's 4 G network

Take to long term agreement for the wholesale prices for Sprint's 4 G smartphones and all other 4 G services, including a minimum commitment in total at least $1 billion Clearwire during 2011 and 2012 given change cash

Overland Park, Kansas and Kirkland, Washington, April 19, 2011 (globe NEWSWIRE)-Sprint Nextel (NYSE: S) and Clearwire (NASDAQ: CLWR) has announced a change of their long-term agreement, today, the new wholesale pricing conditions manufactures and offers to pay Clearwire for a minimum of $1 billion of Sprint during 2011 and 2012 for minimal use obligations of $4 G wholesale services umfasst300 Millions in the year 2011, $ 550 million in 2012, and $ 175 million in advance payments for 4 G wholesale services in 2011, to be used for 2012 and beyond. The Parties expect the agreement continues the growth and the cooperation of both companies strategic 4 g drive initiatives.

"We are pleased this wholesale pricing agreement with Clearwire," said Dan Hesse, CEO of Sprint. "We are looking forward to working with them under this new agreement to an extended offer 4 G features and solutions for customers, Sprint."

"Sprint our largest and most important customers and partners since we 4 G, more than two years of services in the United States ago", said John Stanton, Clearwire's interim CEO. "Today's agreement further sets up Sprint and Clearwire's interests and the basis for a more constructive relationship." "We look forward, the resources and partnerships maintain our 4 G leadership and take advantage of our considerable range and have capacity for the provision of mobile broadband services."

4 G PRICING AND REVENUE OBLIGATIONS

In addition to Sprint's commitment of $ 300 million in 2011, $ 550 million in the year 2012 and the advance payment of $175 million agreement the company one of wholesale pricing for Sprint devices that work with Sprint 3 g network and Clearwire's 4 G network. These include Smartphones such as the award-winning HTC EVO ? 4 G and Samsung epic ? 4 G and other dual-mode devices such as the new Novatel Wireless MiFi ? 3 g / 4 g Mobile HotSpot 4082.

Includes agreement prices and volume discounts use based and is on the alignment of the interests of both companies smart phones and dual-mode devices use growth for customers. The agreement contains also minimum payments per 4 g device.

Clearwire and Sprint planning also further cooperation, Sprint's ability to offer customer-specific solutions with 4 G technology to expand. This should better meet Sprint mission to enable their target customers, companies and authorities to critical wireless broadband solutions for mobility and LAN applications, and expand the machine-to-machine (M2M) solutions for large and small companies.

The agreement extends the mutual re-wholesaling rights, with both companies of the other 3 G and 4 G networks to other parties can resell. The agreement is expected to open new market segments for Sprint and Clearwire, together and independently to pursue.

HISTORIC PARTNERSHIP

The long-term partnership between Sprint and Clearwire already has one of the most productive in the US wireless market. The two companies provided the first real 4 G network in North America, together, will the wireless industry rapid progression to a mobile future at the same time 4 G a saying. The Clearwire 4 G network is by some of the leading companies in the telecommunications and technology such as Comcast and Time Warner Cable, Intel, Google Bright House networks supported.

With flexible all-IP network architecture and significant wireless spectrum depth is the Clearwire 4 G network well positioned to continue the company's customers and large partner requirements for fast, reliable and high-performance mobile broadband service in the United States

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