Independent telco Cincinnati Bell posted a 6 percent increase in net income in its second quarter earnings report and a 7 percent increase in revenue. The profit mark was $26 million and gave the company earnings per share of 9 cent, about 10 percent higher than the same period last year. Revenue came in at $351 million. Wireline segment revenue was down slightly, but lower voice revenue was mostly offset by improvements in wireless, DSL and other areas. The telco recently named a new chief operating officer and a new chief financial officer, and is coming off a period in which it made a handful of small acquisitions.
- see this press release