Windstream (NasdaqGS: WIN) might not have a wireless business to fall back on, but that did not seem to matter in Q1 2010 as the tier two provider's prospects improved with broadband subscriber growth and a decrease in PSTN landline loss.
From a financial perspective, Windstream saw some gains in Q1 2010. Boosted by its recently completed acquisition of competitive business provider NuVox, Windstream reported $848 million in total revenue, a 12 percent increase from Q1 09.
Following the common trend felt by all ILECs, Windstream saw another 12,700 residential customers shut off their phone service. However, Q1's line losses were down from the 18,800 lines lost in Q4 and 31,900 in Q1 09. As of the end of Q1 2010, Windstream had 1.95 million total residential phone lines.
On the broadband side, Windstream reported modest growth of its DSL service base with the addition of 34,300 new customers. This was an increase over the 26,800 DSL customers it acquired in Q4 09 and the 32,600 in Q1 09.
- see the release here
- oneTRAK has this article
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