Citizens to buy back $200 million in stock

Independent telco Citizens Communications is re-purchasing about $200 million in stock, the company announced after reporting fourth-quarter 2007 earnings this week. Citizens saw revenue climb about 14% during the quarter, boosted in part by the recent acquisition of Commonwealth Telephone, but overall earnings for the quarter declined about 8%.

Citizens CEO Maggie Wilderotter said the outlook for 2008 includes cash flow of between $450 million and $475 million.

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Related articles:
- Citizens said last month that it did not see a consumer market slowdown

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