AUSTIN, Texas -- Broadwing Corporation (NASDAQ:BWNG), a leading provider of optical network communications services and solutions, today announced its first quarter 2006 financial and operational results.

For the first quarter 2006, Broadwing reported total revenue of $224.0 million, compared to $220.0 million reported for the fourth quarter 2005 and $218.3 million for the first quarter 2005. Net loss for the quarter was $20.0 million, or a loss of $0.26 per share. This compares to a net loss for the fourth quarter 2005 of $21.1 million, or $0.29 per share; and a net loss for the first quarter 2005 of $43.5 million, or $0.62 per share.

Selected Highlights:

"Broadwing continued to make steady progress toward profitability, significantly narrowing our net loss year-over-year, increasing total revenue and holding the line on cost of service," said Lynn Anderson, chief financial officer of Broadwing. "Broadband transport services continued to contribute in the first quarter to our year-over-year revenue growth, while sales of newly introduced Converged Services continue to ramp nicely according to our plan."

Broadwing Corp. (Nasdaq: BWNG)