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SureWest Reports Q2
SureWest Communications announced operating results today for the quarter ended June 30, 2007
August 7, 2007
1 Min Read
ROSEVILLE, Calif. -- Leading independenttelecommunications holding company SureWest Communications (Nasdaq: SURW)announced operating results today for the quarter ended June 30, 2007.Highlights for the second quarter of 2007 compared to the second quarter of2006 include:
Consolidated revenues from continuing operations increased 2%, with strong revenue growth in broadband offsetting a decline in telecom revenues and stable wireless revenues
Consolidated operating EBITDA decreased 2%, primarily as a result of several ongoing efforts including strategic initiatives
Consolidated income from continuing operations increased by $1.7 million, due primarily to increased broadband revenues and interest income resulting from the proceeds of the sale of SureWest Directories
Total marketable homes increased by 8,612, an increase of 5%, and overall customer penetration of marketable homes increased to 29% from 26%
Video RGUs increased by 19% and Data RGUs increased by 17%
"SureWest continues to execute on its network deployment strategy anddrive new revenues and efficiencies across those assets," said SteveOldham, SureWest's president and chief executive officer. "Our highspeednetwork is not only a differentiator in the market, it provides increasedrevenue potential from each home we pass by providing an opportunity for atriple play as well as new services as they become available. We areexpanding the network in areas that offer the greatest potential for atriple play, and focusing the sales efforts on achieving the greatestpenetration in the areas we serve. We believe the strong growth in data andvideo RGUs, and the fact that over 37 percent of SureWest data customersare taking 10 mbps or higher data speeds, supports our belief thatconsumers will continue to demand greater bandwidth and the correspondingnetwork performance that bandwidth provides."
SureWest Communications (Nasdaq: SURW)
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