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Fitch: Wireless Investments Signal Stronger Competition

Wednesday, January 16, 2013 11:31 AM


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.

(Source: Business Wire )
(Source: Quotemedia)

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