Technology Industry
Industry: Email Alert RSS FeedQwest turns profit, Rogers posts better ARPU, SunCom challenged.(News)
RCR Wireless News, November, 2006
Byline: KELLY HILL Qwest Communications International Inc. reported a profitable third quarter with net income of $194 million, reversing a $144 million loss the company reported in the same quarter last year. Further, Qwest said the penetration rate of its service bundles increased 6 percent compared with a year ago.
The carrier said its third-quarter net income included a $92 million benefit from a tax-sharing settlement and severance charges of $43 million. The company's bundle penetration increased to 56 percent, up from 50 percent a year ago. Qwest reported that "sales of voice packages plus three or four products continue to drive significant growth'' and that its average revenue per user is rising as well. Qwest's ARPU jumped 7 percent...
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