HickoryTech's fiber and data revenue continued to operate well in the fourth quarter of 2013 as revenues rose 5 percent to $17.3 million due to 7 percent growth in business revenue and a 3 percent increase in wholesale revenue.
HickoryTech has reached a settlement with Brandywine Communications Technologies over six DSL broadband-related patents.
HickoryTech's fiber & data segment continues to be a major driver for the regional telco, rising 8 percent year-over-year to $17 million. Similar to previous quarters, the telco attributes the growth in this segment to an uptick in sales within its business and wholesale services as well as nine months of Fargo operations from its acquisition of Enventis.
HickoryTech is taking another step toward becoming an IP-based services provider by aligning all of its products under its Enventis brand. The service provider plans to ask shareholder approval to change its corporate name to Enventis during its upcoming shareholder meeting in May 2014.
Enventis, HickoryTech's (Nasdaq: HTCO) business services subsidiary, has completed the build out of the $21 million Greater Minnesota Broadband Collaborative Project, a middle-mile network that...
HickoryTech reported in Q2 2013 that its fiber and data segment was the star performer of its portfolio, rising 11 percent year-over-year to $17 million. The telco attributes the revenue rise to an increase in wholesale and retail business sales followng its acquisition of Idea One, which expanded its fiber network.
HickoryTech, an independent telco serving customers in the upper Midwest, has added Amino's HD set-top boxes to its IPTV delivery toolkit.
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?
HickoryTech's ongoing expansion into the business and wholesale services space was a major contributor to the 4 percent year-over-year rise in Q1 revenue to $44.8 million.
HickoryTech on Tuesday reported that Q4 2012 revenue was $46.6 million, up 18 percent year-over-year due to an uptick in fiber business and consumer broadband services.