Windstream 2006 Annual Report Download - page 79

Windstream Corporation
Form 10-K, Part I
Item 1. Business
FORWARD-LOOKING STATEMENTS
Windstream claims the protection of the safe-harbor for forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995 for this Annual Report on Form 10-K. Forward-looking statements are subject to
uncertainties that could cause actual future events and results to differ materially from those expressed in the forward-
looking statements. These forward-looking statements are based on estimates, projections, beliefs, and assumptions
that Windstream believes are reasonable but are not guarantees of future events and results. Actual future events and
results of Windstream may differ materially from those expressed in these forward-looking statements as a result of a
number of important factors.
Factors that could cause actual results to differ materially from those contemplated in our forward looking statements
include, among others: adverse changes in economic conditions in the markets served by Windstream; the extent,
timing and overall effects of competition in the communications business; continued access line loss; the impact of
new, emerging or competing technologies; the risks associated with the integration of acquired businesses or the ability
to realize anticipated synergies, cost savings and growth opportunities; the availability and cost of financing in the
corporate debt markets; the potential for adverse changes in the ratings given to Windstream’s debt securities by
nationally accredited ratings organizations; the effects of federal and state legislation, rules and regulations governing
the communications industry; the adoption of intercarrier compensation and/or universal service reform proposal by the
Federal Communications Commission or Congress that results in a significant loss of revenue to Windstream; an
adverse development regarding the tax treatment of the spin-off from Alltel on July 17, 2006 and the restrictions on
certain financing and other activities imposed by the tax sharing agreement with Alltel; the failure to successfully
complete the contemplated split-off of our directory publishing business, Windstream Yellow Pages, in what
Windstream expects to be a tax-free transaction to affiliates of Welsh, Carson, Anderson & Stowe; material changes in
the communications industry generally that could adversely affect vendor relationships with equipment and network
suppliers and customer relationships with wholesale customers; unexpected results of litigation; the effects of
work stoppages; the impact of equipment failure, natural disasters or terrorist acts; and those additional factors under
the caption “Risk Factors” in this Annual Report. In addition to these factors, actual future performance, outcomes and
results may differ materially because of more general factors including, among others, general industry and market
conditions and growth rates, economic conditions, and governmental and public policy changes.
Windstream undertakes no obligation to update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise. The foregoing review of factors that could cause Windstream’s actual results
to differ materially from those contemplated in the forward-looking statements should be considered in connection
with information regarding risks and uncertainties that may affect Windstream’s future results included under the
caption “Management’s Discussion and Analysis of Financial Condition and Results of Operation” in this Annual
Report and in other filings by Windstream with the Securities and Exchange Commission at www.sec.gov.
15