Cincinnati Bell (CBB) announced third quarter results with adjusted earnings per share of 11 cents, falling short of the Zacks Consensus Estimate by a penny. However, this was above the year-ago EPS of 10 cents.   Adjusted EPS excludes special items such as restructuring charges, loss on disposal of assets and gain on extinguishment of debt. Net income increased 4% year over year to $28 million while revenue fell 3% from the prior-year quarter to $338 million as a result of the declines across wireline and wireless segments.   Wireline Segment   The company reported wireline revenues of $191 million down 5% from the year-ago quarter. Lower voice revenues (down 14% year over year to $83 million) and long-distance revenues (down 3% to $24 million) were partially offset by an increase in revenues from data services (up 2% to $70 million).   At the end of the quarter, ...

Frontier Communications (FTR) announced third quarter results with adjusted (excluding acquisition and integration costs) earnings per share of 18 cents, exceeding the Zacks Consensus Estimate of 16 cents. Net income increased 11% year over year to $52.2 million, primarily due to gain on debt repurchases and higher operating income that increased 5% year over year to $172.5 million.   Revenues Remains under Pressure    The company reported revenues of $526.8 million, reflecting a 6% decrease over the year-ago quarter. The year-over-year decline is attributable to lower local, long-distance and switched access revenues coupled with decline in basic access lines. However, this was partially offset by increases in data and Internet service revenues.   Revenues for local services declined 8% year over year to $193.6 million while data and Internet services revenue increased 4% to $160 million. Switched access service revenues declined 8% year over year to $91.2 million

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Rural telecom operator Frontier Communications Corp. (FTR) reportedly submitted two applications for federal funding to expand its broadband network in West Virginia. The company has asked for a total of $55 million through Broadband Initiatives Program and Broadband Technology Opportunities Program as part of the American Recovery and Reinvestment Act (ARRA).

The US government sanctioned ARRA as an economic stimulus package earlier this year, allocating almost $7.2 billion for broadband and related infrastructure development in rural and underprivileged markets across the country.

Frontier provides telecommunication services both as an incumbent local exchange carrier (ILEC) and a competitive local exchange carrier (CLEC). The company filed one application for certain areas of West Virginia where it is authorized to operate as an ILEC and the other application for areas where it serves as a CLEC.

If sanctioned, Frontier will receive aggregate federal funding of $69 million for expanding broadband infrastructure

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Frontier Communications Corp. (FTR) announced results for the second quarter of 2009 today with earnings per share of $0.09, below the Zacks Consensus Estimate of $0.13. Quarterly revenue of $532.1 million also fell short of the Zacks Consensus Estimate, reflecting a 5% decrease over the prior-year quarter.

The year-over-year decline in revenue is attributable to lower local service, subsidy and switched access revenue coupled with decline in basic access lines, partially offset by increases in data and Internet service revenues.

Quarterly net income was $27.9 million, down 50% from the year-ago quarter, primarily due to acquisition-related expenses of $10.8 million, higher interest expenses and lower operating income which fell 16% year over year to $136.6 million.

Revenue for local services declined 8% year over year to $198.3 million while data and Internet services revenue increased 6% to $160.6 million in the same period. Switched access service revenue declined

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China Voice Holding Corporation announced last week that their subsidiary, Beijing CandidSoft Technology Co. Ltd., has signed an agreement with China Unicom Ltd. to private label its patented/copyrighted SKY O/A Office Automation with integrated Digital Voice Application. The revenue sharing agreement provides for installation and support of the company’s current Chinese Government and large enterprise customer contracts in the Guangxi Province. This 9 year agreement will operate simultaneously with CandidSoft’s previously announced agreement with China Netcom.

China Voice Holding Corp. is a publicly-traded holding company in South Florida with a portfolio of next-generation communications products and services doing business in the People’s Republic of China, where the company has obtained full legal status as a licensed telecommunications company. The company provides Voice over Internet Protocol telephone services, office automation, wireless broadband, unified messaging, video conferencing, mobility services and other advanced voice and data services. CHVC’s

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