CenturyTel Revenues Rise, Broadband Customer Base Grows
Last updated Saturday, August 4, 2007 8:55 PM CDT in Business
By Arkansas News Bureau
LITTLE ROCK -- The state's second-largest landline phone company reported Friday a 13 percent increase in second quarter revenues.
CenturyTel Inc.'s revenues rose from $608.9 million last year to $689.9 in the most recent quarter, the Monroe, La.-based rural telecom reported.
CenturyTel said its net income fell to $112.3 million from $152.2 million in the same quarter a year ago.
Excluding one-time charges in comparable quarters, however, CenturyTel's net income grew from $73.4 million last year to $78.4 million in the second quarter of 2007.
The company said it gained nearly 100,000 landline customers through the acquisition of a North Carolina company, and also added 30,000 broadband connections during the quarter. The company now serves more than 500,000 broadband customers, CenturyTel said.
Shares of CenturyTel (NYSE: CTL) closed Friday at $45.82, down $1.46.
Reader Comments (No comments posted.)
The following comments are provided by readers and are the sole responsibility of their authors. The Morning News does not review comments before their publication, nor do we guarantee their accuracy. By publishing a comment here you agree to abide by our comment policy. If you see a comment that violates our policy, please notify the web editor.
Not already registered?
