Cricket Wireless 2011 Annual Report Download - page 11

PART I
As used in this report, unless the context suggests otherwise, the terms “we,” “our,” “ours,” “us,” and the
Company refer to Leap Wireless International, Inc., or Leap, and its subsidiaries and consolidated joint ventures,
including Cricket Communications, Inc., or Cricket. Unless otherwise specified, information relating to
population and potential customers, or POPs, is based on 2011 population estimates provided by Claritas Inc., a
market research company.
Cautionary Statement Regarding Forward-Looking Statements
Except for the historical information contained herein, this report contains “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements reflect
management’s current forecast of certain aspects of our future. You can generally identify forward-looking
statements by forward-looking words such as “believe,” “think,” “may,” “could,” “will,” “estimate,” “continue,”
“anticipate,” “intend,” “seek,” “plan,” “expect,” “should,” “would” and similar expressions in this report. Such
statements are based on currently available operating, financial and competitive information and are subject to
various risks, uncertainties and assumptions that could cause actual results to differ materially from those
anticipated in or implied by our forward-looking statements. Such risks, uncertainties and assumptions include,
among other things:
• our ability to attract and retain customers in an extremely competitive marketplace;
• the duration and severity of the current economic downturn in the United States and changes in economic
conditions, including interest rates, consumer credit conditions, consumer debt levels, consumer
confidence, unemployment rates, energy costs and other macro-economic factors that could adversely
affect demand for the services we provide;
• the impact of competitors’ initiatives;
• our ability to successfully implement product and service plan offerings, expand our retail distribution
and execute effectively on our other strategic activities;
• our ability to obtain and maintain roaming and wholesale services from other carriers at cost-effective
rates;
• our ability to maintain effective internal control over financial reporting;
• our ability to attract, integrate, motivate and retain an experienced workforce, including members of
senior management;
• future customer usage of our wireless services, which could exceed our expectations, and our ability to
manage or increase network capacity to meet increasing customer demand;
• our ability to acquire additional spectrum in the future at a reasonable cost or on a timely basis;
• our ability to comply with the covenants in any credit agreement, indenture or similar instrument
governing any of our existing or future indebtedness;
• our ability to effectively manage and operate our joint venture in South Texas;
• failure of our network or information technology systems to perform according to expectations and risks
associated with the upgrade or transition of certain of those systems, including our customer billing
system; and
• other factors detailed in “Part I — Item 1A. Risk Factors” below.
All forward-looking statements in this report should be considered in the context of these risk factors. These
forward-looking statements speak only as of the filing date of this report, and we undertake no obligation to
publicly update or revise any forward-looking statements, whether as a result of new information, future events
or otherwise. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in
this report may not occur and actual results could differ materially from those anticipated or implied in the
forward-looking statements. Accordingly, users of this report are cautioned not to place undue reliance on the
forward-looking statements.
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