Cincinnati Bell Q2 results

1 Aug 2008

Cincinnati Bell, which provides products and services to residential and business customers in Ohio, Kentucky and Indiana, has posted net income of USD25.6 million for the quarter ended 30 June 2008 compared to USD24.2 million in the same period last year. Revenue rose to USD351.2 million from USD329.1 million. A 7%year-on-year increase (USD2 million) in wireless operating income to USD12 million, was offset by a drop of USD2 million in fixed line operating income at USD70 million. Total fixed line revenue was USD203 million, while total wireless revenue increased 7% to USD78 million. The technology solutions segment generated revenue of USD79 million, with operating income of USD4 million due to gains in data centre and managed services revenue. Adjusted EBITDA equalled USD119 million, up USD1 million, or 1% from twelve months previously.

Cincinnati Bell had 575,000 mobile subscribers at the end of June 2008. Post-paid quarterly average revenue per user (ARPU) was USD47.36, down slightly from the second quarter of 2007. Pre-paid ARPU was USD25.75, up 15% year-on-year, while pre-paid subscribers declined 4%. DSL subscriber numbers were up 8% on the same quarter in 2007 with a total of 229,000 DSL subscribers at 30 June 2008.