Kajeet and Clearwire Announce Wholesale 4G Agreement
BELLEVUE, Wash. and BETHESDA, Md. , Dec. 6, 2012 (GLOBE NEWSWIRE) -- Clearwire Corporation (Nasdaq:CLWR), a leading provider of 4G mobile broadband services in the U.S., and Kajeet, Inc., the only pay-as-you-go cell phone service that puts kids first, today announced a wholesale agreement that will enable Kajeet to offer mobile broadband service directly marketed to kids using Clearwire's 4G network. "Clearwire's wireless broadband network provides our wholesale partners with a compelling opportunity to enter the rapidly expanding 4G market that would be impossible for many of them to enter independently," said Don Stroberg, SVP of strategic partnerships and wholesale at Clearwire. "Kajeet's expansion of its product portfolio to offer 4G services to their targeted youth and education segments further extends the reach of mobile broadband services to two key market groups. We're thrilled to continue building momentum for our wholesale 4G business as the premier wholesale provider of 4G capacity to carriers, ISPs and other service providers in the U.S." Kajeet's 4G service will help keep young people connected to friends, family, school and the other social, educational and community services that they engage with every day. Products focused on the youth market will also give parents the tools necessary to oversee their children's Internet use and open new opportunities for educators to bring wireless into the classroom. "Children can benefit tremendously from new and thoughtfully designed opportunities to stay connected to the people and institutions that help guide their individual development every day," said Daniel Neal, CEO & Founder of Kajeet. "Adding a 4G mobile broadband product with Clearwire gives our customers new connectivity options and allows Kajeet to expand our mobile service offerings so that we continue to lead in the creation and delivery of mobile solutions that are great for kids, families and educators." Clearwire is constructing a next-generation 4G LTE Advanced-ready network to address the mobile broadband capacity needs of wholesale customers in urban markets where demand for wireless data is high. As Clearwire's LTE network comes online, Kajeet and Clearwire expect to extend their agreement to offer users even faster speeds. About Clearwire Clearwire Corporation (Nasdaq:CLWR), through its operating subsidiaries, is a leading provider of 4G wireless broadband services offering services in areas of the U.S. where more than 130 million people live. The company holds the deepest portfolio of wireless spectrum available for data services in the U.S. Clearwire serves retail customers through its own CLEAR® brand, as well as through wholesale relationships with some of the leading companies in the retail, technology and telecommunications industries. The company is constructing a next-generation 4G LTE Advanced-ready network to address the capacity needs of the market, and is also working closely with the Global TDD-LTE Initiative and China Mobile to further the TDD-LTE ecosystem. Clearwire is headquartered in Bellevue, Wash. Additional information is available at http://www.clearwire.com. About Kajeet™ Kajeet is the preeminent wireless service platform for kids and those who love them. Founded in 2003, Kajeet is the creator of the award-winning smart phone for kids™ and Sentinel™, a Global Mobile Award nominee. Kajeet makes products and services that enable mobile communication, education and entertainment at home and at school safe, secure and affordable. For more information, please visit us at http://www.kajeet.com or http://www.kajeet.com/education. The Kajeet logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=16126 Forward-Looking Statements 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:
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 16, 2012, and subsequent Form 10-Q filings. Clearwire assumes no obligation to update or supplement such forward-looking statements. CONTACT: Clearwire: Susan Johnston, 425-505-6178 susan.johnston@clearwire.com JLM Partners for Clearwire Mike DiGioia or Jeremy Pemble, 206-381-3600 mike@jlmpartners.com or jeremy@jlmpartners.com Kajeet: pr@kajeet.com |
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Thursday, 6 December 2012
Kajeet and Clearwire Announce Wholesale 4G Agreement
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