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Fitch: Wireless Investments Signal Stronger Competition

  Fitch: Wireless Investments Signal Stronger Competition

Business Wire

CHICAGO -- January 16, 2013

The wireless industry's competitive landscape continued to evolve in 3Q'12,
according to a new report by Fitch Ratings. Many of the largest wireless
service operators announced transactions or strategic investments that will
likely result in further consolidation of market power among the top four
wireless incumbents. In addition, DISH Network gained FCC approval to use 40
MHz of AWS-4 wireless spectrum to operate a terrestrial-based mobile broadband
wireless network. The FCC's decision clears a path for DISH to either
construct an LTE Advanced network or partner with an existing wireless network
operator.

Fitch believes further consolidation or transformative transactions will be
necessary, especially among smaller wireless service providers, to bolster
weakening competitive position relative to the market leaders AT&T and Verizon
Wireless.

Fitch's special report 'U.S. Communications Industry Leaders Competitive
Scorecard' discusses trends in the 3Q'12 regarding the scope and depth of the
competitive overlap of leading telecommunications operators. The report
compares the competitive positions of the leading local exchange carriers
(LEC), cable multiple system operators (MSOs), wireless service providers and
direct broadcast satellite (DBS) operators. The report also summarizes key
operating metrics financial statistics, particularly related to key forecast
items such as revenue growth, margin changes, capital re-investment and debt.
Additionally, the report includes summary comments concerning key developments
in the quarter.

This quarterly report can be found at 'www.fitchratings.com' under the
following headers:

Sectors >> Corporate Finance >> Corporates >> Special Reports

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Related Research: U.S. Communications Industry Leaders
Competitive Scorecard -- Third-Quarter 2012

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=697261

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS.
PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK:
HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING
DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S
PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND
METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF
CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL,
COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM
THE 'CODE OF CONDUCT' SECTION OF THIS SITE.

Contact:

Fitch Ratings
David Peterson, +1-312-368-3177
Senior Director
Fitch, Inc.
70 West Madison Street
Chicago, IL 60602
or
Michael Weaver, +1-312-368-3156
Managing Director
or
Media Relations:
Brian Bertsch, New York, +1 212-908-0549
Email: brian.bertsch@fitchratings.com
 
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