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To: Dexter Lives On who wrote (120403)6/14/2002 4:09:33 PM
From: Art Bechhoefer  Read Replies (2) | Respond to of 152472
 
The capital requirements you mention are different for different systems. The capital requirements for LWIN, for example, are much lower since they are no longer acquiring new markets and are simply building out their existing 40 markets. PCS obviously has promotional costs, but its upgrades to 1X are going to be fairly painless, compared to AWE. I don't think the problem is lack of capital. I do think the problem relates to ARPU and whether there is enough value added revenue from data communications to generate higher ARPU. Here again, one can show a huge potential difference in potential revenues, compared with marginal costs between CDMA and GSM/TDMA. There's a bottom line here, but the major investment firms haven't figured out what it is.

Art



To: Dexter Lives On who wrote (120403)6/14/2002 4:32:51 PM
From: waitwatchwander  Read Replies (2) | Respond to of 152472
 
European banks have given a huge credit line to UMTS operators.

Bank Credit line for 3G. In billion USD

ABN-AMRO 23.1
Deutsche Bank 22.3
HSBC 22.2
BNP Paribas 21.4
Barclays 21.4
Société Generale 14.3
Dredner Bank 13.1
WestlB 12.9
CSFB 12.5
Royal Bank of Scotland 11.3
Credit Lyonnais 10.4
Bayerische Landersbank 9.0
HypoVereinsbank 8.8
ING Barings 8.7
UBS Warbug 7.0
Banca Commercial Italiana 6.9
Commerzbank 6.4
Llyods TSB 6.1
BBVA 5.0
BSCH 4.8
--------
TOTAL ~ 250 Billion

The European Union has a population of around 375 million.

How does Sprint stack up in this area?