Windstream 2008 Annual Report Download - page 63

Windstream Corporation
Form 10-K, Part I
Item 1. Business
OTHER OPERATIONS
Formerly, Windstream’s other operations consisted of its wireless, directory publishing and telecommunications
information services businesses.
On November 21, 2008, Windstream completed the sale of its wireless business to AT&T Mobility II, LLC and
accordingly, the related results are presented as discontinued operations. On November 30, 2007, Windstream
completed the split off of its directory publishing business. Effective with the completion of the sale of its wireless
business and split off of its directory publishing business as discussed above in “Material Dispositions Completed
During the Last Five Years”, the Company’s wireless and publishing services have ceased.
Windstream’s telecommunications information services operations consisted solely of providing data processing and
outsourcing services to Valor. At the time of the merger with Valor in 2006, the Company ceased providing these
services.
The following table is a summary of other operations for the years ended December 31:
Other Segment 2008 2007 2006
Operating revenues from external customers $ - $111.3 $150.8
Segment income $ - $ 5.3 $ 12.6
Total assets $ - $ 85.7 $ 79.8
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: further 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 adoption of inter-carrier compensation and/or universal service
reform proposals by the Federal Communications Commission or Congress that results in a significant loss of revenue
to Windstream; 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, and rules and regulations governing the communications
industry; material changes in the communications industry that could adversely affect vendor relationships with
equipment and network suppliers and customer relationships with wholesale customers; unexpected results of
litigation; unexpected rulings by state public service commissions in proceedings regarding universal service funds,
inter-carrier compensation or other matters that could reduce revenues or increase expenses; the effects of
work stoppages; the impact of equipment failure, natural disasters or terrorist acts; earnings on pension plan
investments significantly below our expected long term rate of return for plan assets; and those additional factors under
the caption “Risk Factors” in Item 1A of 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 Operations” in this annual
report and in other filings by Windstream with the Securities and Exchange Commission at www.sec.gov.
15