iesy Repository GmbH - Irish Stock Exchange

• changes in German tax laws;
• the possibility that we may not be able to deduct interest from the Notes for tax purposes;
• conflicts of interest with our shareholders;
• the recently completed ish Acquisition and any other acquisitions and business combinations we may enter into
that would increase our level of indebtedness, change our capital structure and expose us to additional liabilities;
• the integration of ish or any other companies we may acquire into our operations;
• our ability to comply with regulations affecting our business and our ability to respond to changes in the regulatory
environment;
• our substantial leverage and ability to generate sufficient cash to service our debt;
• risks associated with our structure, the Notes, the related Subsidiary Guarantees and Security and our other
indebtedness; and
• general economic and market conditions.
We urge you to read the sections of this Prospectus entitled “Risk Factors,” “Operating and Financial Review and
Prospects of iesy,” “ Operating and Financial Review and Prospects of ish,” “Industry” and “Business” for a more complete
discussion of the factors that could affect our future performance and the industry in which we operate. In light of these risks,
uncertainties and assumptions, the forward-looking events described in this Prospectus may not occur.
We undertake no obligation, and do not expect, to publicly update or publicly revise any forward-looking statement,
whether as a result of new information, future events or otherwise. All subsequent written and oral forward-looking
statements attributable to us or to persons acting on our behalf are expressly qualified in their entirety by the cautionary
statements referred to above and contained elsewhere in this Prospectus.
In this Prospectus:
DEFINITIONS
“2003 ish Acquisition” refers to the acquisition of ish by a consortium of banks in a public auction process in 2003;
“AMTV” refers to Amplitude Modulated Television, or the transmission of television signals based on point-to-point
microwave links;
“Apollo” refers to Apollo Management V, L.P. and its affiliates;
“ARD” refers to the public broadcaster cooperative Arbeitsgemeinschaft der öffentlich-rechtlichen Rundfunkanstalten
der Bundesrepublik Deutschland;
“ARPU” refers to the average revenues per unit on a monthly basis;
“BetaResearch” refers to BetaResearch Gesellschaft zur Entwicklung und vermarktung digitaler Infrastrukturen mbH;
“BN” refers to the cable network business of the group of companies of BN Breitbandnetze GmbH (formerly Bosch
Breitbandnetze GmbH), which was recently acquired by EWT;
“BRN-agreement” refers to the BRN-iesy agreement and the BRN-ish agreement (as defined in this Prospectus);
“Callahan BidCo” refers to Callahan Kabel NRW GmbH & Co. KG;
“Callahan HoldCo” refers to Callahan Nordrhein-Westfalen GmbH;
“C-Line” refers to cable wires capable of carrying television signals, as well as voice and data transmissions, extending
from the network nodes to the cable service area;
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