SureWest (Nasdaq: SURW) profits from ongoing move to broadband

Broadband is being very, very good to SureWest Communications (Nasdaq: SURW). The Sacramento-based service provider reported that as of the end of the fourth quarter broadband accounted for 73 percent of the company's total revenues (compared to 69 percent in 2009) and that those revenues increased 8 percent year-over-year.

Even better, "broadband business revenues grew 17 percent year-over-year," said SureWest President-CEO Steve Oldham in a news release. Residential broadband growth, he said, was driven by the "continued success of our super high-speed data packages and increased take rates for our advanced digital TV and broadband voice-over-IP products."

Overall, consolidated revenues were up 2 percent to $61.6 billion in the fourth quarter as broadband revenues grew by $3.5 million to offset an 11 percent decline in telecom revenue, which came in at $2.18 million.

For more:
- see this news release

Related articles:
Steve Oldham, President and CEO, SureWest - rising independent ILEC stars
SureWest broadband investment, workforce reduction pay off in Q3

Sponsored by Dell Technologies

Whitepaper: How to Elevate Your Content Delivery Workflows With Dell EMC PowerScale

Learn how Dell EMC PowerScale helps meet surging viewer demand while reducing costs with a single centralized platform for the ingest, processing, and delivery of the content your viewers love.

Suggested Articles

WarnerMedia scored a key HBO Max distribution deal with Comcast just as it launched in May. Nearly six months later, there still isn’t an app.

Comcast is planning new data caps and video service price increases for its subscribers in 2021.

The Apple TV remote is an often reviled peripheral device. Universal Electronics has taken it upon itself to create a different option.