Windstream 2009 Annual Report Download - page 87

Windstream Corporation
Form 10-K, Part I
Item 1. Business
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;
• unexpected adverse results related to our data center migration;
• for our competitive local exchange carrier (“CLEC”) operations, adverse effects on the availability, quality of
service and price of facilities and services provided by other incumbent local exchange carriers on which our
CLEC services depend;
• 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.
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