Qwest reports net income of USD212 Mn in June’09 (USA)

www.WirelessFederation.com/news: Qwest Communications has posted net income of USD212 million in the three months ended 30 June 2009, a 17.8% year-on-year rise, up from USD180 million in 2Q08. The revenues dropped from USD3.38 billion in 2008 to USD3.09 billion a year later. In this quarter, operating expenses fell by USD219 million, or 8%, in comparison to the second quarter of 2008, ending June 2009 with USD2.59 billion. The decline is attributed to a 19% decrease in sales costs due to reduced facility costs and a decline in wireless MVNO-related expenses.

In the broadband segment, the company reports a 7% year-on-year rise in subscribers. The firm ended June with a subscriber base of 2.92 million.