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

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