Bellevue, Wash., Jan. 27, 2012 (GLOBE NEWSWIRE) -- Clearwire
Corporation (NASDAQ: CLWR) today announced the completion of the
offering by its operating subsidiary, Clearwire Communications LLC
("Clearwire Communications"), of $300.0 million aggregate principal
amount of 14.75% first-priority senior secured notes due 2016 at an
issue price of 100% (the "Notes").

As previously announced, the company intends to use the net proceeds of
the offering for the deployment of mobile 4G LTE technology alongside
the mobile 4G WiMAX technology currently on its network and for the
operation and maintenance of its networks and for general corporate
purposes.

The Notes were issued in a private offering that is exempt from the
registration requirements of the Securities Act of 1933, as amended
(the "Securities Act"), to qualified institutional buyers in accordance
with Rule 144A and to persons outside the U.S. pursuant to Regulation S
under the Securities Act. The Notes have not been registered under the
Securities Act or any state or other securities laws and may not be
offered or sold in the United States absent registration or an
applicable exemption from registration requirements.

This press release shall not constitute an offer to sell, or the
solicitation of an offer to buy, nor shall there be any sale of the
securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.

About Clearwire

Clearwire Corporation (Nasdaq:CLWR), through its operating
subsidiaries, is a provider of mobile broadband services. Clearwire is
headquartered in Bellevue, Washington.

Cautionary Statement Regarding 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 proposed
transactions, including the proposed public offering of Clearwire's
common stock, and strategic plans and objectives. 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, and which could cause actual results to differ
materially and adversely from such statements. 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 22, 2011 and
subsequent Form 10-Q filings. Clearwire assumes no obligation to update
or supplement such forward-looking statements.


CONTACT: Investor Relations:Alice Ryder, 425-636-5828alice.ryder@clearwire.comMedia Relations:Susan Johnston, 425-216-7913susan.johnston@clearwire.comJLM Partners for ClearwireMike DiGioia or Jeremy Pemble, 206-381-3600mike@jlmpartners.com or jeremy@jlmpartners.com