Rising data services revenue is helping mitigate declining unit pricing for voice services, and recent industry consolidation provides newly combined companies opportunities for operating efficiencies, while carriers continue to benefit from barriers to entry that include substantial investment requirements and spectrum scarcity. |
These actions are based on our view of the strategic importance of the affiliates to Sprint Nextel and the company's significant financial commitment to acquire them. Although Sprint Nextel has not indicated its intentions regarding the affiliate debt, we believe that even if Sprint Nextel does not guarantee this debt, the company will not distinguish it from other Sprint Nextel obligations. |