US Wireless future looks bright

Jan 03 2005 - 12:24 PM ET | In The News

Analysts at Merrill Lynch have kept buy ratings for two US based publically traded wireless carriers: Sprint and Alltel. bq. For 2005, we are raising our estimate for US wireless industry net additions from 16 million to 17 million, for ending industry subscriber base growth of about 10%. Our estimates correspond to ending penetration levels of about 60% for 2004 and 65% for 2005. Merrill Lynch also mentioned that Cingular is doing a good job at keeping AT&T Wireless customers.

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