FiberTower (FTWR)

We may not realize the anticipated benefits from First Avenue's FCC area-wide licenses acquired in the First Avenue/FiberTower merger.

        The anticipated benefits of the First Avenue/FiberTower merger were based on our assumptions and expectations at the time of the merger, not actual experience. While the FCC licenses allow us to access lower cost technologies that allow us to more effectively serve our customer base, there are various risks associated with these licenses. Our inability to realize any of the anticipated benefits of the FCC licenses acquired in the First Avenue/FiberTower merger could cause us to take impairment charges to our FCC licenses and seriously harm our results of operations.

We may not realize the anticipated benefits from First Avenue's FCC area-wide licenses acquired in the First Avenue/FiberTower merger.

        The anticipated benefits of the First Avenue/FiberTower merger were based on our assumptions and expectations at the time of the
merger, not actual experience. While the FCC licenses allow us to access lower cost technologies that allow us to more effectively serve our customer base, there are various risks associated with
these licenses. Our inability to realize any of the anticipated benefits of the FCC licenses acquired in the First Avenue/FiberTower merger could cause us to take impairment charges to our FCC
licenses and seriously harm our results of operations.