Bellsouth Corp
10 November 2003
For More Information Contact:
LeAnn Hansen, Media Relations at 404-249-2839
Jeff Battcher, Media Relations at 404-713-0274
BellSouth provides 2004 expectations
at Analyst Briefing in New York
For immediate release:
November 10, 2003
New York City - BellSouth Corporation (NYSE: BLS) today held its annual Analysts
Briefing in New York City. The company gave an update of its key operational
initiatives. Highlights of the presentation included the company's improving
position in 2003, its pursuit of regulatory reform, and its operational plans.
The operational plans address customer retention, driving revenue growth from
long distance and DSL penetration, and managing cost in a competitive telecom
market. Cingular Wireless also provided a positive update on customer growth and
its operational results.
BellSouth provided the following expectations for 2004:
• Revenue: flat to low single digit positive growth
• DSL: approximately 2.2 million subscribers by the end of 2004
• LD: more than 5 million subscribers by the end of 2004
• Capex: 13 to 15% capex to revenue ratio, excluding Cingular
• Operating free cash flow in the range of $4 billion, excluding Cingular
"We will continue driving growth by increasing penetration of long distance and
DSL services. In addition, we expect strong customer growth in wireless services
through Cingular and our operations in Latin America", said Duane Ackerman,
Chairman and CEO of BellSouth Corporation.
About BellSouth Corporation
BellSouth Corporation is a Fortune 100 communications services company
headquartered in Atlanta, Georgia. BellSouth serves more than 45 million local,
long distance, Internet and wireless customers in the United States and 14 other
countries.
Consistently recognized for customer satisfaction, BellSouth provides a full
array of broadband data solutions to large, medium and small businesses. In the
residential market, BellSouth offers DSL high-speed Internet access, advanced
voice features and other services. BellSouth also offers long distance service
throughout its markets, serving both business and residential customers. The
company's BellSouth AnswersSM package combines local and long distance service
with an array of calling features; wireless data, voice and e-mail services; and
high-speed DSL or dial-up Internet service. BellSouth also provides online and
directory advertising services through BellSouth(R) RealPages.comSM and The Real
Yellow Pages(R).
BellSouth owns 40 percent of Cingular Wireless, the nation's second largest
wireless company, which provides innovative data and voice services.
In addition to historical information, this document may contain forward-looking
statements regarding events and financial trends. Factors that could affect
future results and could cause actual results to differ materially from those
expressed or implied in the forward-looking statements include: (i) a change in
economic conditions in domestic or international markets where we operate or
have material investments which would affect demand for our services; (ii)
currency devaluations and continued economic weakness in certain international
markets in which we operate or have material investments; (iii) the intensity of
competitive activity and its resulting impact on pricing strategies and new
product offerings; (iv) higher than anticipated cash requirements for
investments, new business initiatives and acquisitions; (v) unfavorable
regulatory actions and (vi) those factors contained in the Company's periodic
reports filed with the SEC. The forward-looking information in this document is
given as of this date only, and BellSouth assumes no duty to update this
information.
This information is provided by RNS
The company news service from the London Stock Exchange
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