US Cellular 2009 Annual Report Download - page 35

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•Inability to manage its supply chain or inventory successfully could have an adverse effect on
U.S. Cellular’s business, financial condition or results of operations.
•Changes in general economic and business conditions, both nationally and in the markets in which
U.S. Cellular operates, could have an adverse effect on U.S. Cellular’s business, financial condition or
results of operations.
•Changes in various business factors could have an adverse effect on U.S. Cellular’s business, financial
condition or results of operations.
•Advances or changes in telecommunications technology, such as Voice over Internet Protocol (‘‘VoIP’’),
High-Speed Packet Access, WiMAX or Long-Term Evolution (‘‘LTE’’), could render certain technologies
used by U.S. Cellular obsolete, could reduce U.S. Cellular’s revenues or could increase its costs of
doing business.
•U.S. Cellular could incur higher than anticipated intercarrier compensation costs.
•U.S. Cellular is subject to numerous surcharges and fees from federal, state and local governments,
and the applicability and the amount of these fees are subject to great uncertainty.
•Changes in U.S. Cellular’s enterprise value, changes in the market supply or demand for wireless
licenses, adverse developments in the business or the industry in which U.S. Cellular is involved and/or
other factors could require U.S. Cellular to recognize impairments in the carrying value of its license
costs, goodwill and/or physical assets.
•Costs, integration problems or other factors associated with acquisitions/divestitures of properties or
licenses and/or expansion of U.S. Cellular’s business could have an adverse effect on U.S. Cellular’s
business, financial condition or results of operations.
•A significant portion of U.S. Cellular’s revenues is derived from customers who buy services through
independent agents who market U.S. Cellular’s services on a commission basis. If U.S. Cellular’s
relationships with these agents are seriously harmed, its revenues could be adversely affected.
•U.S. Cellular’s investments in technologies which are unproven may not produce the benefits that
U.S. Cellular expects.
•A failure by U.S. Cellular to complete significant network construction and systems implementation
activities as part of its plans to improve the quality, coverage, capabilities and capacity of its network
and support systems could have an adverse effect on its operations.
•Financial difficulties (including bankruptcy proceedings) of U.S. Cellular’s key suppliers or vendors,
termination or impairment of U.S. Cellular’s relationships with such suppliers or vendors, or a failure by
U.S. Cellular to manage its supply chain effectively could result in delays or termination of
U.S. Cellular’s receipt of required equipment or services, or could result in excess quantities of required
equipment or services, any of which could adversely affect U.S. Cellular’s business, financial condition
or results of operations.
•U.S. Cellular has significant investments in entities that it does not control. Losses in the value of such
investments could have an adverse effect on U.S. Cellular’s financial condition or results of operations.
•A failure by U.S. Cellular to maintain flexible and capable telecommunication networks or information
technology, or a material disruption thereof, including breaches of network or information technology
security, could have an adverse effect on U.S. Cellular’s business, financial condition or results of
operations.
•Wars, conflicts, hostilities and/or terrorist attacks or equipment failures, power outages, natural disasters
or other events could have an adverse effect on U.S. Cellular’s business, financial condition or results
of operations.
•The market price of U.S. Cellular’s Common Shares is subject to fluctuations due to a variety of factors.
•Identification of errors in financial information or disclosures could require amendments to or
restatements of financial information or disclosures included in this or prior filings with the SEC.
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