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BellSouth Corp. Jun 05
Standard & Poors, June 2005
Abstract
Benefits from strong presence as one of the largest incumbent local telephone providers; Reflecting solid cash flow generation, financial metrics remain relatively strong, even with incremental debt incurred to fund its 40% share of Cingular Wireless LLC's acquisition of AT&T Wireless Services (AWE); Superior operating efficiency in the wireline business relative to the other regional Bell operating companies (RBOCs); Extensive residential broadband footprint, with about 84% of homes passed capable of receiving DSL; Continued growth in the long-distance business, which consists of 6.5 million customers; and Substantial wireless presence, with a 40% share of Cingular, the largest U.S. wireless carrier. Increased local voice competition from the cable TV operators as they implement voice over Internet protocol (VoIP)-based services; Lack of...
Companies mentioned in this report are: BellSouth Corp.,BellSouth Telecommunications Inc.,BellSouth Capital Funding Corp.,BellSouth Telecommunications 1994-A Pass Through Trust
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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