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Clearwire Management Discusses Q2 2012 Results - Earnings Call Transcript

In addition, today's call may contain forward-looking statements reflecting management's beliefs and assumptions concerning future events and trends and/or expectations regarding financial results. Forward-looking statements include, among other things, our future financial and operating performance and financial condition, including projections and targets for 2012 and subsequent period, subscriber growth, network deployment or development plans, strategic plans and objectives and future liquidity.

These forward-looking statements are all based on currently available operating financial and competitive information and are subject to various risks and uncertainties. Listeners are cautioned not to put undue reliance on any forward-looking statements as they are not a guarantee of future performance.

Please refer to our press release and our filings with the SEC for more information concerning risk factors that could cause actual results to differ materially from those in the forward-looking statements. The company assumes no obligation to update any of these statements.

Finally, all mentions of EBITDA on this call reference adjusted EBITDA as defined in our press release where listeners may find definitions and reconciliations for all non-GAAP measures discussed today.

And all mentions of retail cash contribution represent retail revenue, less cost of goods and services sold to retail customers, general and administrative expenses, such as customer care, bad debt and sales and marketing expenses and CapEx related to leased CPE under our original retail model.

I will now turn the call over to Erik Prusch.

Erik E. Prusch

Thank you, Alice. Good afternoon. Before I update you on our progress in the second quarter, I'd like to take a moment to provide some prospective on recent events. During the second quarter, we continued to see notable spectrum activity on the part of several carriers in various forms, including swaps, regional or individual market tuck-in acquisitions and efforts to make impaired spectrum more usable.

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