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Excerpt from TBR Commentary on Prepaid Market: In 2Q12 prepaid subscriber growth in the U.S. stalled, with net additions for the eight U.S. prepaid operators that TBR benchmarks dropping to 322,000 after six consecutive quarters of more than one
million total prepaid net additions — a 72.5% decline year-to-year. TBR believes the drop in subscriber
additions is attributable to multiple factors, including market saturation, 2H12 device launches and a
fierce competitive environment.