SureWest Reports Second Quarter 2007 Results

Tuesday, August 7th, 2007
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ROSEVILLE, CALIFORNIA – Leading independent telecommunications holding company SureWest Communications (NASDAQ: SURW) announced operating results today for the quarter ended June 30, 2007. Highlights for the second quarter of 2007 compared to the second quarter of 2006 include:

  • Consolidated revenues from continuing operations increased 2%, with strong revenue growth in broadband offsetting a decline in telecom revenues and stable wireless revenues
  • Consolidated operating EBITDA decreased 2%, primarily as a result of several ongoing efforts including strategic initiatives
  • Consolidated income from continuing operations increased by $1.7 million, due primarily to increased broadband revenues and interest income resulting from the proceeds of the sale of SureWest Directories
  • Total marketable homes increased by 8,612, an increase of 5%, and overall customer penetration of marketable homes increased to 29% from 26%
  • Video RGUs increased by 19% and Data RGUs increased by 17%

SureWest is a leading provider of IPTV (Internet protocol television) primarily across the FTTP platform. Video RGUs increased 19% year-over-year, to 21,118 in the second quarter of 2007 from 17,759 in the second quarter of 2006, and increased 3% quarter-over-quarter from 20,445 in the first quarter of 2007.

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