The sale of Windstream’s telephone directory business last year helped the company record a near four-fold increase in 4Q07, and boosted full-year net income up 68% year-on-year, it said in a statement. Windstream, the largest telephone carrier in southeast Nebraska, posted fourth-quarter net income of USD583.6 million, up from USD117.7 million the previous year, massively impacted by non-operating income of USD451.3 million related to the sale of the directory business. Quarterly revenue rose USD200,000 over a year earlier to USD827.8 million. For the full year, net profits climbed from USD545.3 million to USD917.1 million on the back of an 8% increase in revenues to USD3.26 billion, from USD3.03 billion previously.
2007 marked Windstream’s first full year as a publicly traded company. The operator was formed in mid-2006 as a result of the spin-off of Alltel Corp’s fixed line phone business and a merger with Texas-based telco Valor Communications. Now headquartered in Little Rock, Arkansas, Windstream operates in 16 states in the Midwest and South.