NEW YORK, NY--(Marketwire -02/20/12)- High yielding telecommunications companies have performed well this year, showing impressive growth as the industry shifts from the legacy of long-distance and local voice call services to data and video services. Year-to-date, the iShares Dow Jones U.S. Telecommunications Sector Index Fund (IYZ) -- which measures the performance of the telecommunications sector of the United States equity market, and includes companies in the industry groups, such as fixed-line telecommunications and mobile telecommunications -- is up more than 6 percent. While several domestic telecoms are leading the way in new technology, others still focused on legacy revenue drivers are posting a downturn in earnings -- and dividends. The Paragon Report examines the outlook for companies in the Domestic Telecom Services industry and provides research reports on Frontier Communications, Inc. (NASDAQ: FTR - News) and Windstream Corporation (NASDAQ: WIN - News). Access to the full company reports can be found at:
According to a new release from Global Industry Analysts, Inc. (GIA), Telecom Services: A Global Outlook, the global telecom services industry is expected to reach a massive $1.8 trillion in three years. The telecommunications industry now includes Internet services, wireless communications, cable TV systems, satellite communications and fiber optics networks.
The growing popularity of smart phones, tablet PCs, eReaders, netbooks and other portable devices is driving the exponential growth of mobile broadband subscription and data services, GIA says. Meanwhile the migration of consumers from 2G to 3G networks is picking up as the spread of the service improves dramatically.
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Frontier Communications reported fiscal fourth quarter earnings last week. Net income for the telecom services company fell to $42.2 million, or 4 cents a share, down from $46 million, or 5 cents per share, a year earlier. Revenue for the fourth quarter of 2011 was $1,283.2 million as compared to $1,290.9 million in the third quarter of 2011 and $1,358.7 million in the fourth quarter of 2010.
Separately, Frontier Communications announced that its Board of Directors has declared a regular quarterly cash dividend payment of $0.10 per share of common stock, payable on March 30, 2012 to holders of record of common stock at the close of business on March 9, 2012. This represents a reduction from the prior quarterly dividend of $0.1875 per share.
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