Biz Buzz: SureWest releases operating results
SureWest Communications (NASDAQ: SURW) announced on Feb. 29 its operating results for the fourth-quarter and full-year ending Dec. 31, 2011. Broadband revenues grew 8 percent year-over-year with a 16 percent increase in business services revenues and a 6 percent increase in residential revenues.
The company experienced 4 percent year-over-year growth in broadband residential. 2011 adjusted free cash flow increased 20 percent year-over-year. The company, which was recently sold to Illinois-based Consolidated Communications Holdings, Inc. (Nasdaq: CNSL), earned a net income of $1.8 million.
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