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In this Management’s Discussion and Analysis of Results
of Operations and Financial Condition, and elsewhere in this
Annual Report, we have made forward-looking statements. These
statements are based on our estimates and assumptions and
are subject to risks and uncertainties. Forward-looking statements
include the information concerning our possible or assumed
future results of operations. Forward-looking statements also
include those preceded or followed by the words “anticipates,”
“believes,” “estimates,” “hopes”
or similar expressions. For those statements, we claim the
protection of the safe harbor for forward-looking statements
contained in the Private Securities Litigation Reform Act
of 1995.
The following important factors, along with those discussed
elsewhere in this Annual Report, could affect future results
and could cause those results to differ materially from those
expressed in the forward-looking statements:
- materially adverse changes in economic
and industry conditions and labor matters, including workforce
levels and labor negotiations, and any resulting financial
and/or operational impact, in the markets served by us or
by companies in which we have substantial investments;
- material changes in available technology;
- technology substitution;
- an adverse change in the ratings afforded
our debt securities by nationally accredited ratings organizations;
- the final results of federal and state
regulatory proceedings concerning our provision of retail
and wholesale services and judicial review of those results;
- the effects of competition in our markets;
- the timing, scope and financial impacts
of our deployment of fiber-to-the-premises broadband technology;
- the ability of Verizon Wireless to continue
to obtain sufficient spectrum resources;
- changes in our accounting assumptions
that regulatory agencies, including the SEC, may require
or that result from changes in the accounting rules or their
application, which could result in an impact on earnings;
and
- the extent and timing of our ability
to obtain revenue enhancements and cost savings following
our business combination with MCI.
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