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Clearwire Corp. Nov 11 Product Image

Clearwire Corp. Nov 11

  • ID: 2027965
  • November 2011
  • Standard & Poors

Abstract
Strong wholesale subscriber growth. Highly leveraged financial risk profile based on our expectation that the company will likely run out of cash in 2012; A vulnerable business risk profile as a developmental stage company; Significant competition from better capitalized wireless carriers, including AT&T and Verizon; Limited operating history; and Technology risk. The ratings on Bellevue, Wash-based wireless provider Clearwire Corp. reflect its highly leveraged financial risk profile based on Standard & Poor's Ratings Services' expectation that the company will likely fully deplete its cash in 2012. The ratings also reflect our view that Clearwire has a vulnerable business position as a developmental-stage company with significant competition from better capitalized wireless carriers, including AT&T Mobility and Verizon Wireless, which are deploying...

Companies mentioned in this report are: Clearwire Corp.,Clearwire Communications LLC,Clearwire Finance Inc.
Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Full Analysis

Clearwire Corp.,Clearwire Communications LLC,Clearwire Finance Inc.

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