Citizens Communications posts 33% Q1 profit drop

First quarter net income for Connecticut-based independent telco Citizens Communications slid about 33 percent from the first quarter last year to $45.6 million this year. However, last year's first quarter results were enhanced by the $38.7 million settlement of a switched access dispute. Still, revenue for the first quarter of 2008 grew only 2 percent from $556.1 million in Q1 2007 to $569.2 million for the same period this year. The telco also saw landline numbers decline sharply, by about 43,100, during the most recent quarter.

For more:
- see this Associated Press story

Suggested Articles

On the heels of a cloud announcement with IBM a day ago, AT&T announced a broad cloud alliance with Microsoft on Wednesday that includes AI and 5G.

Windstream Enterprise announced Tuesday that it has integrated office communications platform Slack into its unified communications portfolio.

In order to boost efficiency and reduce operational costs, CenturyLink has launched a cloud-based managed emergency call handling service.