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Broadband

Otelco revenues fall 7.3% in Q2, net profit down 41%

Wednesday 14 August 2019 | 10:38 CET | News
US operator Otelco reported second-quarter revenues down 7.3 percent to USD 15.7 million, due to a continued loss of residential voice customers and competitive pricing pressures on internet services, the company said. Net profit dropped 41 percent to USD 1.7 million, due to an increase in SG&A costs related to its long-term network design plans. EBITDA fell to USD 5.7 million from USD 7.1 million a year ago. 

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Categories: Fixed
Companies: Otelco
Countries: United States
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