Embarq Sees Strong First Quarter on Broadband and Wireless Growth

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Embarq Sees Strong First Quarter on Broadband and Wireless Growth

6:00 am on April 30, 2007 | Category: Business, Telecom Services, Telephone, Internet, Wireless

Local telephone provider, Embarq Holdings Co., was able to minimize the effect of landline losses in the first quarter, thanks to strong growth in high-speed internet and wireless revenues.

Even after $49 million in one-time financial losses, Embarq managed to generate profits of $371 million, on overall revenue of $1.59 billion.

The former landline and DSL division of Sprint Nextel, Embarq established its own regional wireless business after being divested by Sprint last year, making it a major new force in the triple-play telecommunications market. The company added 23,000 new cell phone customers in the first quarter, for a total wireless subscriber base of 71,000.

“With an improving access line trend and strong growth in data, high-speed Internet and wireless revenues,” commented Embarq Chairman and CEO, Dan Hesse. “We’re off to a great start in 2007.”