Otelco results down slightly in Q2, reduces debt

Wednesday 5 August 2020 | 10:58 CET | News
US operator Otelco reported revenues of USD 15.5 million for the second quarter, down 1.2 percent from a year earlier. EBITDA declined to USD 5.0 million from USD 5.7 million a year earlier. After making scheduled principal payments of USD 1.1 million in the second quarter, Otelco reduced its debt to USD 68 million at the end of June, equal to 2.65x annual EBITDA. 

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Categories: Fixed
Companies: Otelco
Countries: United States
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