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Cincinnati Bell Inc. Message Board

  • panicsellerpete panicsellerpete Jun 8, 2013 1:32 PM Flag

    Total wireless subscribers decreased to 385,000 compared to 446,000

    Wireless Segment

    Wireless revenue was $53 million for the quarter, a decrease of 16 percent from the first quarter of 2012 as postpaid subscriber losses continued. The segment’s Adjusted EBITDA of $20 million in the quarter resulted in an Adjusted EBITDA margin of 38 percent. Wireless operating income was $1 million compared to $15 million in the first quarter of 2012. During the first quarter of 2013, the remaining useful lives of certain network software were reassessed, which resulted in additional depreciation expense of approximately $9 million.

    Total wireless subscribers at the end of the quarter decreased to 385,000 compared to 446,000 at the end of the first quarter of 2012.

 
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