Cost cutting, data uptick drives Cincinnati Bell's Q3 performance

Taking a page from the much larger ILEC Qwest, Cincinnati Bell's third-quarter 09 earnings were also boosted by tighter spending patterns and higher data service revenues.

One area of improvement for the ILEC was net income, which for the three months ending September 30th increased five percent from $26.6 million in 2008 to $28 million. During the third quarter, Cincinnati Bell shelled out $25 million to purchase 7 million shares. The integrated wireless/wireline provider reduced outstanding shares 18 percent since 2007.

There were of course some losses. While company revenue declined 3 percent to $338 million from $347 million in 2008, it was up 7 percent from Q2 09. Typical of all the ILECs in the third quarter, Cincinnati Bell saw 6.8 percent in access line losses and its traditional wireline revenue decline by $10 million to $191 million since last year. However, the company's cost-cutting measures helped it save $8 million a quarter.   

For more:
- Cincinnati.com has this article

Related articles
Cincinnati Bell gets its GPON grove on
Cincinnati Bell: Q2 earnings were up, but income declined
Cinci Bell grows profit, will reduce headcount
Cinci Bell cutting White Pages in KY

Suggested Articles

In the face of mostly flat revenues and competition from new startups, Cisco hasn't been sitting on its hands the past five years

New SRG data shows hyperscale operators accounted for 33% of all spending on data center hardware and software in the first three quarters of 2019.

Automating your network’s operational processes is the goal, but you can’t automate what you can’t see.