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.

For more:
- see this perspective at The Motley Fool

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

Suggested Articles

Microsoft does not report exact revenue amounts for Azure, but it said Azure revenue grew 64% in the latest quarter compared to the previous year.

U.K. broadband provider CityFibre is targeting 14 more cities for its all-fiber gigabit service.

While Cisco has embraced the concept of disaggregation, service providers need to carefully consider how they will implement it.