SureWest: Q4 loss, 2007 profit up on sale

Independent telco SureWest Communications reported a fourth quarter net loss of about $535,000, but posted a profit for the full year 2007 of close to $63 million. That gain came primarily from the $110 million sale of the company's directory business last year. SureWest also reported a $5.5 million write-down on its LMDS license investment. It continues to support LMDS customers, but does not plan to grow the business.

However, SureWest officials were fairly upbeat after what they said was a strong December. They said broadband revenue growth remains strong and that recent launches of an HD DVR service and VoIP service will continue to fuel broadband and triple play numbers.

For more:
- read this report at The Sacramento Bee

Related articles:
- SureWest just announced that it had launched HD DVR and VoIP services
- Are Telcos getting to a VoIP tipping point?