Windstream 3Q sales up, profits down

9 Nov 2007

Little Rock-based telecoms company Windstream Communications (Alltel) yesterday reported that third-quarter net income fell 40% year-on-year to USD118 million, because of an extraordinary item, although revenue increased 7% y-o-y to USD823 million as a result of strong sales of broadband and data products. Operating income reached USD289 million, up 14% from the corresponding quarter last year. ‘Windstream delivered a solid financial performance in the third quarter, while continuing to drive broadband and digital TV sales,’ said company president and CEO Jeff Gardner. ‘We also completed our acquisition of CT Communications and are very pleased with the progress we have made integrating the new operations. We expect to complete the integration process by the end of the first quarter of 2008.’ Windstream finalised the acquisition of CT Communications on 31 August, in the process doubling Windstream’s presence in North Carolina, adding 132,000 access lines and 31,000 broadband customers.

United States, Windstream Communications