Cincinnati Bell ups profit despite sliding revenues in Q1

Tuesday 9 May 2017 | 21:19 CET | News
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Cincinnati Bell said first quarter revenues fell 4 percent from the year before to USD 278.2 million, mainly due to the decline of Telecom and IT hardware sales. The company moved to an operating loss of USD 5.3 million from a gain the year earlier of 29.6 million, although the net profit jumped to USD 60.4 million from 7.0 million. Adjusted EBITDA amounted to USD 71 million. Total internet subscribers reached 307,400, up 15,000 year-on-year. Fioptics video subscribers totaled 141,600 at the end of the quarter, up 21,100 percent while Fioptics internet subscribers went to 207,300, up 42,800.

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Categories: General
Companies: CBTS / Cincinnati Bell / CyrusOne / Suntel
Countries: United States
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