Cincinnati Bell posts a rise of 4% in net income (USA)
Cincinnati Bell has announced its third quarter results. Bell posted a rise of 4% year on year with net income of USD27 million. The revenue climbed 1% to USD346.5 million, driven by growth of USD21 million in service revenue from wireless, wireline data, long distance, VoIP, and data centre and managed services. Revenue in the wirless division shows an increase of 8% to USD80.8 million from USD75.1 million twelve months previously. Overall, EBITDA for this quarter comes to USD120 million.
According to Jack Cassidy, Cincinnati Bell President and Chief Executive Officer, ‘Cincinnati Bell’s third-quarter results demonstrate solid performance in the face of challenging times in the US economy.’ The operator had total of 567,000 wireless customers. Cellco’s pre-paid subscribers plunged 8% year-on-year, while its post-paid mobile subscriber base increased to 6%. Pre-paid Average Revenue Per User (ARPU) was USD26.33 and Post paid ARPU was USD48.82.
