AOL and Clearwire Corporation Announce New Wireless Broadband Marketing Partnership

May 04, 2006, AOL and Clearwire Corporation today announced an agreement to offer consumers in select markets “AOL® High Speed – Powered by Clearwire.” Consumers will now be able to access the AOL service with easy-to-use, high-speed wireless broadband access for as low as $25.90 per month.

AOL High Speed – Powered by Clearwire is initially available in Daytona Beach and Jacksonville, Fla., as well as Stockton and Modesto, Calif.

“Clearwire’s wireless high-speed service brings a differentiated offering to AOL members moving to broadband,” said Joe Redling, president of AOL’s Access Business. “This innovative approach to broadband access offers consumers additional levels of freedom and flexibility in how and where they experience AOL’s content and services – and stands to be a promising feature for new consumer segments.”

“This truly complementary relationship offers customers access to AOL’s premium safety and security features and content with a simple, fast wireless connection,” said Ben Wolff, Clearwire’s co-president and chief strategy officer. “Clearwire’s reliable wireless broadband service combined with AOL’s wide array of content and services, presents an appealing option for online users to leverage the power of the Internet.”

Key features of the AOL High Speed – Powered by Clearwire include:

* - Wireless High Speed: In addition to high speed, wireless access offers mobility, freedom and flexibility.
* - Fast & Easy Setup: Plug-and-play installation makes establishing a wireless Internet connection quick and easy.
* - Customer Service: Help that’s available 24/7, including help via phone, e-mail or instant message.
* - Safety: A comprehensive set of safety and security tools available to keep users safer against viruses, spyware, identity theft, and other online threats for no additional charge.
* - Content: AOL-exclusive and original programming including commercial free radio, streaming video and music are all more enjoyable than ever.
* - Storage: Additional benefits like unlimited email and picture storage on AOL.

AOL High Speed – Powered by Clearwire connects to the Internet using licensed spectrum and eliminates the confines of traditional cable or phone wiring. A small wireless modem makes connectivity easily portable and movable within the Clearwire coverage area, allowing customers to use the service throughout their home, office or favorite local coffee house.

About AOL LLC
AOL LLC and its subsidiaries operate a leading network of Web brands and the largest Internet access subscription service in the United States. Web brands include the AOL.com® website, AIM®, MapQuest® and Netscape®. AOL offers a range of digital services in the areas of education, safety and security, communications and music. The company also has operations in Europe and Canada. AOL, which is based in Dulles, Va., is a majority-owned subsidiary of Time Warner Inc.

About Clearwire
Clearwire is a provider of wireless, high-speed broadband Internet and Internet Phone Service. Clearwire has launched wireless high-speed Internet service in 27 metro markets, covering more than 200 cities and towns in Alaska, California, Florida, Hawaii, Idaho, Minnesota, Nevada, North Carolina, Oregon, Texas, Washington and Wisconsin in the United States, as well as Ireland, Belgium, Denmark (under the Clearwire name with Danske Telecom) and Mexico (via its partner MVSNet). Led by Craig McCaw, Clearwire operates a widely deployed Wi-Max-class service in the United States, offering portable Internet access speeds comparable to fixed wireline solutions. For more information, visit www.clearwire.com.

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America Online, Inc.

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