Virginia-based nTelos continued to see solid growth its wireless business, and some growth in its wireline business, but just missed its second quarter revenue projections. The company said second quarter operating revenues increased 6 percent over the same period last year to $131 million. Income was $30 million, or 46 cents a share.
Wireless revenues increased 7 percent to $100.2 million; the company said wireless subscriptions grew a hefty 9 percent to 425,880.
On the wireline side, things weren’t as rosy, especially in nTelos’ RLEC business, which declined nearly 4 percent to $14.9 million. The Competitive Wireline segment, meanwhile--including CLEC service, broadband, integrated access, transport and Metro Ethernet--grew $1.6 million, or 14 percent from the same quarter a year ago. Overall, wireline improved 1 percent to $30.7 million from a year ago.
nTelos’ uses a fiber optic network to back-haul communications traffic for their own retail services and wholesales transport services to other carriers for their long distance, Internet, wireless and private network services. nTelos has recently started FTTP services in certain areas of Virginia.
For more:
- See the release
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