text: The Company’s PCS network is part of Sprint’s nationwide wireless network. The network is owned and operated by 
  Sprint and its Affiliates. The financial viability of Sprint and its Affiliates is critical to the success of operating and 
  marketing Sprint PCS. If financial difficulties are experienced by Sprint or any Affiliate, it could have an adverse 
  impact on the Company’s results. 
  
  The current competitive nature of the wireless industry may prompt major wireless providers to strive for financial 
  improvements through industry consolidation. Such consolidation could include Sprint. It is not clear to what extent 
  consolidation may occur or which companies will be involved, but certain consolidation transactions may have an 
  adverse impact on the operating results and valuation of the Company’s wireless operations. 
  
  The Company’s access revenue may be adversely impacted by legislative or regulatory actions that decrease access 
  rates or exempt certain traffic from paying access to the Company’s regulated telephone network. The Federal 
  Communications Commission is currently reviewing the issue of Voice Over Internet Protocol (VOIP) as it relates to 
  access charges. An unfavorable finding may have an adverse effect on the Company’s telephone operations. 
  
  There has been a trend for incumbent local exchange carriers to see a decrease in access lines due to the effect of 
  wireless and wireline competition, a slow down in the economy, and the elimination of a second line dedicated to dial 
  up Internet as customers migrate to broadband connections. Although the Company has not seen a material reduction 
  in its number of access lines to date, it experienced line decreases in each of the last two quarters. There is a significant 
  risk that this trend could have a material adverse effect on the Company’s telephone operations in the future. 