Fitch Downgrades Wirefree Partners III, LLC 2005-1; Rating Watch Negative

Wireless News 03-06-2008 Fitch Downgrades Wirefree Partners III, LLC 2005-1; Rating Watch Negative WIRELESS NEWS-March 6, 2008-Fitch Downgrades Wirefree Partners III, LLC 2005-1; Rating Watch Negative (C)2008 10Meters - http:// www.10meters.com Fitch Ratings has downgraded and placed on Rating Watch Negative the ratings of Wirefree Partners III, LLC PCS spectrum lease-backed notes series 2005-1 to 'BB+' from 'BBB-'.

The notes are backed primarily by leases of Personal Communications Services (PCS) spectrum licenses. The lessees of the licenses are SprintCom, Inc. and WirelessCo, ...

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