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  "documentTitle": "Centerview Partners | Investment Banking Pitch Book | 15 slides",
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  "authorName": "Centerview Partners",
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  "presentationDate": "2013-06-01 00:00:00",
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  "notes": "Confidential slide from Centerview Partners regarding Collie management projections.",
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      "kind": "list",
      "text": "Primary changes versus Fall 2012 include: actual Q4 2012/Q1 2013 results, $240M cash benefit from interim financing, improved retail projections, delayed non-Shepherd wholesale revenue, and specific LTE site rollout targets.",
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      "text": "Both SCC and MCC contemplate substantial funding gaps (~$3.5bn and ~$2.1bn, respectively) to reach free cash flow positive.",
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      "text": "Feasibility of MCC is reduced due to lack of success in attracting another meaningful wholesale customer and the significant lead time required for new customer wins.",
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      "text": "Management has provided Centerview with an updated set of financial projections dated May 10, 2013. Consistent with prior approach, management prepared two sets of projections: Single-Customer Case (SCC) and Multi-Customer Case (MCC).",
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