Hawaiian Telcom migrates to Nasdaq Global Market

Hawaiian Telcom (Nasdaq: HCOM) continues to shore up its financial profile, and getting approval to transfer its stock listing to the Nasdaq Global Market from the NASDAQ Capital Market is a good illustration of that trend. 

Eric Yeaman, Hawaiian Telcom

Yeaman

The service provider's common stock began trading on the Nasdaq Global Market on Thursday, March 1, remaining under the HCOM ticker symbol. Friday midday trading saw the stock up 31 percent, or 5 cents, to $16, over its Thursday closing price of $15.95.

Last July, Hawaiian Telcom began officially trading on the Nasdaq.

Eric K. Yeaman, Hawaiian Telcom's president and CEO, thinks that "that the transfer to the Global Market will further increase our stock exposure and improve our trading liquidity."

Ever since emerging from bankruptcy at the end of 2010, the telco has made continual progress in improving its financial footing and creating new revenue streams including new business services like Ethernet and moving into the IPTV business.

For more:
- see the release

Special report: Wireline in the fourth quarter 2011

Related articles:
Hawaiian Telcom saves $6M by refinancing debt
Hawaiian Telcom added to Wilshire 5000 Total Market Index
At Hawaiian Telcom, EoC creates sticky business customers
Hawaiian Telcom refinances its existing credit facility

Suggested Articles

Broadband upstream consumption increased by 5.3% from the end of Q1 to the end of Q2, according to a report by OpenVault.

Comcast's field technicians, along with network engineers and call center agents, are the unsung heroes of the cable operator's Covid-19 response.

Colocation juggernaut Equinix has broadened its reach into India by buying two data centers from GPX India for $161 million.