text: The Company also reviews current trends in the credit quality of the subscriber bases in its various businesses and 
  periodically changes its credit policies. As of December 31, 2003, the Sprint PCS subscriber base in the Company’s 
  market area consisted of 17.9% sub-prime credit quality subscribers compared to 25.3% at December 31, 2002. Sprint 
  manages the accounts receivable function related to all of the Company’s Sprint PCS wireless customers, therefore 
  limiting the amount of control the Company has in setting credit policy parameters. 
  
  The remainder of the Company’s receivables are associated with services provided on a more localized basis, where the 
  Company exercises total control in setting credit policy parameters. Historically there have been limited losses 
  generated from the non-PCS revenue streams. Prior to 2002, the Company had not faced significant write-offs of inter- 
  
  43 ■ 2003 ANNUAL REPORT 