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Broadband

Adtran Q4 revenues up 17%, boosted by CAF spending

Wednesday 18 January 2017 | 10:32 CET | News
Adtran reported fourth-quarter revenues up 17 percent year-on-year to USD 163 million, better than the company expected, it said. Net profit increased to USD 7.6 million or USD 0.16 per share from USD 5.7 million or USD 0.12 per share a year ago. Adtran attributed the strong performance to its domestic business in the US, driven by state subsidies for broadband expansion (CAF II), as well as a rebound of its international business and continued growth in services. The company will pay a quarterly dividend of 9 cents a share.

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Categories: Fixed
Companies: Adtran
Countries: World
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