1057758--2/28/2008--TIME_WARNER_TELECOM

related topics

{acquisition, growth, future}

{debt, indebtedness, cash}

{regulation, government, change}

{product, market, service}

{system, service, information}

{customer, product, revenue}

{tax, income, asset}

{loss, insurance, financial}

{cost, operation, labor}

{personnel, key, retain}

{competitive, industry, competition}

{property, intellectual, protect}

{operation, natural, condition}

{regulation, change, law}

We may not realize all of the anticipated benefits from the Xspedius acquisition. We may be unable to sustain our revenue and cash flow growth despite the implementation of several initiatives designed to do so. Several customers account for a significant portion of our revenue, and some of our customers purchases may not continue due to customer consolidations, financial difficulties or other factors. Our substantial existing debt and debt service requirements could impair our financial condition and our ability to fulfill our obligations under our debt. The acquisition of Xspedius increased our indebtedness and decreased our liquidity. Our revolving credit facility and term loan B and the indenture relating to our senior notes contain restrictive covenants that may limit our flexibility, and breach of those covenants may cause us to be in default under those agreements. We will require substantial capital to expand our operations. We may complete a significant business combination or other transaction that could increase our shares outstanding, and may result in a change in control, and which may also affect our leverage. We have experienced reductions in switched access and reciprocal compensation revenue as a result of regulatory rate reform, and we may experience further such reductions in the future. We may be adversely affected by changes in the regulation of special access services. We may be adversely affected by changes to the Communications Act. The market for our services is highly competitive, and many of our competitors have significant advantages that may adversely affect our ability to compete with them. Consolidation in the telecommunications industry may adversely affect our purchases of transport services. We depend on key personnel for our current and future performance. We may be required to record impairment charges in the future. Terrorism, a general business downturn in the U.S. or other business disruptions could affect our future operating results. We depend on third party vendors for information systems. If we do not adapt to rapid changes in the telecommunications industry, we could lose customers or market share. We must obtain access to rights-of-way and pole attachments on reasonable terms and conditions. Our ability to offer residential and content services is limited by our Capacity License Agreements. We will discontinue the use of the Time Warner name, which may adversely affect us.

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1057758--2/28/2008--TIME_WARNER_TELECOM_INC