Current Investments: Telecommunications

Alltel Corporation

Alltel operates America's largest wireless network, which delivers voice and advanced data services nationwide to more than 11 million customers. Alltel was founded in 1943 and is headquartered in Little Rock, Arkansas. For more information on Stephens’ partnership with Alltel, see our Systematics/Alltel case study. (NYSE:AT) (www.alltel.com)

Carrier Access Corporation
Carrier Access designs, manufactures and sells consolidated access equipment to wireline and wireless carriers. The company offers an array of wireless and satellite products for use in transporting and managing voice and data traffic between cell sites and their regional switching offices, as well as equipment used by wireless carriers in their provisioning of FCC mandated E911 services. Carrier Access is based in Boulder, Colorado. (www.carrieraccess.com)

Windstream Corporation
Windstream is the largest telecommunications and entertainment services company focused on rural America. The company, headquartered in Little Rock, Arkansas, offers phone, broadband and digital television services to residential customers, small and medium businesses, and large businesses across 16 states, primarily in the South and Central regions of the country. (NYSE:WIN) (www.windstream.com)