Embarq, the regional telco spun off from Sprint Nextel in 2006, confirmed that it will end its MVNO deal with its former parent company next year. Embarq is following Qwest Communications lead as the later also ended its resale deal with Sprint recently. Embarq’s finance chief Gene Betts said, ‘the economics and the reach that we were obtaining was not really what we were hoping for’. It has been reported that Embarq had been aiming to reach the one million subscriber mark through its partnership with Sprint, but the reality was just 112,000 wireless customers at the end of 2007.
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The US wireline carrier Embarq is set to unveil a new broadband home phone which the company hopes will halt the decline in fixed line subscriptions. The new eGo product is a cordless phone which connects via DSL and offers visual voice mail and news flashes, Dow Jones reports. It will also offer a local business directory enquiries service and an online phone book. The firm says the device will offer an upgrade to a conventional home phone but is not intended to compete with feature-packed cellular handsets. Embarq is the fourth largest wireline operator in the US, with 6.47 million access lines in service in 18 states.
Wireless Mobile Telecom Wireless News
- November 5th, 2007
- 1:32 pm
The US wireline carrier Embarq has reported a 2% fall in third-quarter net profits to USD157 million. The firm says a USD33 million one-off charge related to employee severance payments and the continuing decline of its traditional fixed voice business were behind the drop. Revenues for the three months to the end of September fell from USD1.61 billion in 2006 to USD1.59 billion this year. The decline in the voice sector is being brought about by the continued spread of cable-based VoIP services, which Embarq says are now available to around 60% of all households in its operating area.
Wireless Mobile Telecom Wireless News
- February 9th, 2007
- 2:53 pm
Telegeography writes…US wireline operator Embarq has reported year-on-year growth of 0.9% in fourth-quarter revenues to USD1.62 billion, with sales for the whole of 2006 rising 1.7% to USD6.36 billion. Fourth quarter net income rose from USD155 million in 2005 to USD194 million last year, while full-year income fell from USD878 million to USD784 million. The firm ended 2006 with 1.02 million high speed internet customers, with record net additions of 84,000 in the final three months of the year. Local access lines were down 6.1% over the year to 6.9 million. Embarq, which was spun off from Sprint Nextel in May last year, also claims 162,000 video customers and 48,000 wireless subscribers.
‘The fourth quarter capped a very productive seven-month period following our spin-off in May, and I’m proud of what we have been able to accomplish,’ commented Dan Hesse, Embarq’s Chairman and CEO. ‘In that short span of time, we met or exceeded expectations on almost every measure, we introduced many innovative new products and services, and we significantly improved customer and employee satisfaction.’
Wireless Mobile Telecom
- January 12th, 2007
- 1:36 pm
Telegeography writes…US wireline operator Embarq says it ended 2006 with just over 6.9 million access lines in service, down 6.1% year-on-year, but beating the company’s expectations of a steeper decline. The firm, which was spun off from Sprint Nextel in May 2006, lost 85,000 access lines in the fourth quarter due to competition and product substitution, with a further 5,000 going via an exchange sale. In the fourth quarter of 2005 it lost 89,000 access lines, none of which were due to line sales. Embarq’s chairman and CEO, Dan Hesse, commented: ‘While we would prefer not to lose a single access line, given that we faced more competition in the fourth quarter of 2006 than we did in 2005, to lose fewer access lines than we did a year ago is encouraging.’
Wireless Mobile Telecom
Embarq drops Sprint
