Time Warner Cable To Offer 46.4 Million Shares Of Clearwire Class A Common Stock

BELLEVUE, Wash., Sept. 27, 2012 (GLOBE NEWSWIRE) -- Clearwire Corporation (NASDAQ: CLWR) ("Clearwire"), a leadingprovider of 4G mobile broadband services in the U.S., todayannounced the commencement of an underwritten public offering of 46.4 million shares of its Class A common stock by certainaffiliates of Time Warner Cable Inc., which representsapproximately 7.8% of the total outstanding Class A common stockand approximately 3.2% of the total outstanding Class A commonstock and Class B common stock. Credit Suisse Securities (USA) LLCis acting as the sole underwriter for the offering. Clearwire willnot receive any proceeds from the sale of the shares being sold bythe selling stockholders.

The offering of these securities is being made only by means ofa prospectus and related prospectus supplement, copies of which maybe obtained by contacting Credit Suisse Securities (USA) LLC,Attention: Prospectus Department, One Madison Avenue, New York, NY10010, via telephone: +1 (800) 221-1037, or by e-mail:newyork.prospectus@credit-suisse.com.

Clearwire has filed a registration statement (including aprospectus) with the SEC for the offering to which thiscommunication relates. This announcement shall not constitute anoffer to sell or the solicitation of an offer to buy thesesecurities, nor shall there be any offer or sale of thesesecurities in any jurisdiction in which such offer, solicitation orsale would be unlawful prior to registration or qualification underthe securities laws of any such jurisdiction.

About Clearwire

Clearwire Corporation (NASDAQ: CLWR), through its operatingsubsidiaries, is a leading provider of 4G wireless broadbandservices offering services in areas of the U.S. where more than 130million people live. Clearwire holds the deepest portfolio ofwireless spectrum available for data services in the U.S. Clearwireserves retail customers through its own CLEAR® brand as well asthrough wholesale relationships with some of the leading companiesin the retail, technology and telecommunications industries.Clearwire is constructing a next-generation 4G LTE Advanced-readynetwork to address the capacity needs of the market, and is alsoworking closely with the Global TDD-LTE Initiative and China Mobileto further the TDD-LTE ecosystem. Clearwire is headquartered inBellevue, Wash.
CONTACT: Investor Relations:         Alice Ryder, 425-636-5828         alice.ryder@Clearwire.com                   Media Relations:         Susan Johnston, 425-216-7913         susan.johnston@Clearwire.com                   JLM Partners for Clearwire:         Mike DiGioia or Jeremy Pemble, 206-381-3600         mike@jlmpartners.com or jeremy@jlmpartners.com

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