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BY THE NUMBERS

17.1%

Percentage of revenue dedicated to capital expenses in Q3 '04 by national carriers

7.9%

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Percentage of revenue dedicated to capital expenses in Q3 '04 by regional independents

$1.68%

Difference in monthly ARPU between the two, with national carriers being higher

Source: Company reports; Legg Mason

$1.7 BILLION

Amount of device inventory U.S. wireless carriers held during Q3 '04

54.8

Average number of days devices sat in inventory during that time

$800 MILLION

Estimated cash flow carriers could save if they reduced days in inventory to 30

Source: InfoTech Marketing

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© 2012 Penton Media Inc.

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