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Post# of 17378
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zgoldies2

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zgoldies2

Re: Cougar40 post# 8337

Saturday, 03/24/2007 3:22:43 PM

Saturday, March 24, 2007 3:22:43 PM

Post# of 17378
Farmers Branch suburb of Dallas, and yes,,

In connection with the acquisition of certain customer rights under an agreement
with Sprint Communications Company L.P. ("Sprint"), Kite Broadband made an
up-front payment of $6,578,550 on June 30, 2005. Accordingly, the amount of this
payment was capitalized and allocated between the value ascribed to the initial
three-year term of the agreement with Sprint, amounting to $1,966,200, and the
value ascribed to the bargain purchase option, amounting to $4,612,350.
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