Hawaiian Telcom is the latest incumbent telco to jump on the higher broadband speed bandwagon with the debut of a new 500/50 Mbps tier.
Hawaiian Telcom reported that Q3 2013 consumer revenues rose 2.4 percent to $35.3 million due to an increase in IPTV and broadband subscribers.
Hawaiian Telcom is making a bigger splash in the data center business by signing an agreement to acquire Honolulu-based SystemMetrics for about $16 million in cash.
Hawaiian Telcom more than doubled its TV subscriber base in the last year, according to second quarter earnings results. The telco now has 13,618 TV subscribers, compared with 6,354 in the year-ago quarter and a 16.7 percent increase over the 11,671 the carrier numbered in the first quarter.
Hawaiian Telcom reported that gains in broadband and TV subscribers drove up Q2 2013 revenue 2.4 percent year-over-year to $97 million.
As wireless operators expand their 4G LTE rollouts into secondary and tertiary markets, where they tend to have little, if any, wireline facilities, they have turned to a host of independent telcos for wireless backhaul services. How are carriers like Frontier, Shentel, and Hawaiian Telcom taking advantage of the backhaul opportunity?
Hawaiian Telcom has secured a $300 million term loan, a move that will enable the service provider to save $6 million in annual interest costs while paying off its existing debt.
Robert Reich, CFO of Hawaiian Telcom, told investors that providing IPTV and 25 Mbps broadband speeds will enable it to take a big chunk of market share from Oceanic Time Warner Cable.
IPTV services continued to drive business for North American telcos according to first quarter earnings results released this week.
Hawaiian Telcom saw in the first quarter that its focus on growing broadband and IPTV helped drive up Q1 2013 revenues 2 percent to $96 million.