US Cellular 2012 Annual Report Download - page 37

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•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 business, financial condition or results of
operations 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,
support and other systems and infrastructure could have an adverse effect on its operations.
•Financial difficulties (including bankruptcy proceedings) or other operational difficulties of any of U.S.
Cellular’s key suppliers, termination or impairment of U.S. Cellular’s relationships with such suppliers, 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 Securities
and Exchange Commission (‘‘SEC’’). Such amendments or restatements and related matters, including
resulting delays in filing periodic reports with the SEC, could have an adverse effect on U.S. Cellular’s
business, financial condition or results of operations.
•The existence of material weaknesses in the effectiveness of internal control over financial reporting
could result in inaccurate financial statements or other disclosures or failure to prevent fraud, which
could have an adverse effect on U.S. Cellular’s business, financial condition or results of operations.
•Changes in facts or circumstances, including new or additional information that affects the calculation
of potential liabilities for contingent obligations under guarantees, indemnities, claims, litigation or
otherwise, could require U.S. Cellular to record charges in excess of amounts accrued in the financial
statements, if any, which could have an adverse effect on U.S. Cellular’s business, financial condition or
results of operations.
•Disruption in credit or other financial markets, a deterioration of U.S. or global economic conditions or
other events could, among other things, impede U.S. Cellular’s access to or increase the cost of
financing its operating and investment activities and/or result in reduced revenues and lower operating
income and cash flows, which would have an adverse effect on U.S. Cellular’s business, financial
condition or results of operations.
•Uncertainty of U.S. Cellular’s ability to access capital, deterioration in the capital markets, other changes
in market conditions, changes in U.S. Cellular’s credit ratings or other factors could limit or restrict the
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