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Key Credit Factors For The U.S. Wireless Industry Dec 05
Standard & Poors, December 2005
The increasingly essential nature of wireless service to consumers and businesses is fueling healthy low-double digit subscriber, usage, and revenue growth in the U.S. wireless industry. Rising data services revenue is helping mitigate declining unit pricing for voice services. Recent industry consolidation provides newly combined companies opportunities for operating efficiencies, while carriers continue to benefit from barriers to entry that include substantial investment requirements and spectrum scarcity. Nevertheless, voice services are commoditizing, and despite consolidation, competition is still strong and could intensify as penetration growth slows. Ongoing initiatives to improve service quality and data capability are keeping capital expenditures high. Wireless industry penetration was 65% as of June 30, 2005, according to the Cellular Telecommunications and Internet Association (CTIA). Even...
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
- ALLTEL Corp.
- Sprint Nextel Corp.
- BellSouth Corp.
- Telephone and Data Systems Inc.
- AT&T Inc.
- Centennial Communications Corp.
- United States Cellular Corp.
- Deutsche Telekom AG
- Qwest Communications International Inc.
- SunCom Wireless Inc.
- Rural Cellular Corp.
- Nextel Partners Inc.
- Vodafone Group PLC
- Leap Wireless International Inc.
- Dobson Communications Corp.
- Verizon Communications Inc.
- AT&T Mobility II LLC
- Cellco Partnership (d/b/a Verizon Wireless)
- Virgin Mobile USA LLC
- SunCom Wireless Holdings, Inc.