CONSHOHOCKEN, Pa.—UbiquiTel Inc. reaffirmed previously issued guidance on its funding position, reporting it had approximately $130 million in cash and cash equivalents and $85 million in available bank credit facilities at the end of last year. The carrier said it expects to continue to be overfunded by at least $87 million until 2004 when it expects to be free cash flow positive.
UbiquiTel also reported it is considering accelerating its network buildout plans in Montana and adding incrementally to its existing five markets if it can secure additional funding from its senior lenders to increase it bank credit facility.
The carrier plans to release quarterly results on Feb. 25.
