Frontier Communications' Q4 earnings could probably be described as a mixed bag. While its financial performance was a tale of hit and misses, Frontier was able to reduce the rate of voice line loss and add more broadband DSL and satellite video subscribers.
On the financial side, Frontier's Q4 revenue declined 4.8 percent to $521 million--down from $526.8 million in Q3 09 and $547.4 million in Q4 08. Meanwhile, quarterly net income dropped to $5.2 million from $52.7 million in Q3 09 and $34.3 million in Q4 08.
During the quarter, Frontier only lost 25,312 voice lines, slightly down from 30,436 in Q3 and 30,541 in Q4 08. At the end of 09, Frontier had slightly over 1.3 million landline voice subscribers.
The star performer for Frontier in Q4 was broadband and video. The ILEC signed up an additional 14,616 DSL customers in Q4 09, doubling the 7,521 amount it brought on in Q3 and the 7,997 it brought on in Q4 08. The ILEC had 635,947 total DSL customers at the end of Q4 09. Video also performed well as the ILEC added another 8,426 Dish Network subscribers.
For more:
- see the release here
- OneTrak also has this article
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