Hawaiian Telcom Holdco, Inc. (Nasdaq:HCOM) reported financial
results for its second quarter ended June 30, 2012. The highlights
and other recent developments are as follows:
- Revenue totaled $94.7 million, resulting in Adjusted EBITDA(1)
of $29.2 million.
- Generated net income of $5.5 million, or $0.51 per diluted
share, down by $1.2 million, primarily attributable to an increase
in depreciation and amortization due to significant investments in
its broadband network.
- Business data revenue increased 5 percent year-over-year driven
by growth in switched Ethernet, IP-VPN and dedicated Internet
access revenues.
- Consumer revenues increased 1 percent sequentially, driven by
video revenue more than doubling.
- Hawaiian Telcom TV subscriber penetration increased to over 12
percent of the approximately 50,000 households enabled, up from
over 9 percent of the approximately 41,000 households enabled at
the end of the first quarter.
- High-speed Internet ("HSI") subscribers increased 3.7 percent
year-over-year to 105,000, driven by video bundle sales and
enhancements to the broadband network.
- Recently awarded a contract for over 100 new fiber-to-the-tower
sites to continue to support the 4G rollout of the large national
wireless carriers.
- Announced the acquisition of Wavecom Solutions Corporation
("Wavecom"), in a move to enhance its network capabilities and
strengthen its ability to deliver next generation, end-to-end
solutions to customers.
"I am pleased with the momentum we are starting to build in key
growth areas of our business," said Eric K. Yeaman, Hawaiian
Telcom's president and CEO. "Most notable is our sequential growth
in consumer revenues during the quarter driven primarily by the
successful commercial launch of Hawaiian Telcom TV only one year
ago. Our video subscribers increased to approximately 6,400, up 64
percent sequentially, driving subscriber penetration to over 12
percent of the approximately 50,000 household enabled footprint.
After only a year in the market, we are already reaching subscriber
penetration rates over 20 percent in certain neighborhoods. Our
early success demonstrates the strong customer demand for our video
product and positions us well to drive further growth in consumer
revenues."
"In the business markets, we continued to see growth in our
IP-based services driven by a 5 percent year-over-year increase in
business data revenue. With the acquisition of Wavecom, we will
further enhance our network capabilities through increased fiber
capacity and diversity and be better positioned to deliver next
generation, end-to-end solutions for customers throughout Hawaii.
In addition, our wholesale business was recently awarded a contract
to build out fiber facilities to over 100 new cell sites to
continue to support the 4G rollout of the large national wireless
carriers.
"We passed a key inflection point in our consumer business this
quarter, and we expect to build on this positive momentum going
forward. At the same time, we remain focused on executing our
overall strategic plan and driving long-term value for our
shareholders," concluded Yeaman.
Second Quarter 2012 Results
Second quarter revenue was $94.7 million, compared to $100.7
million in the second quarter of 2011. The decrease in revenue was
primarily due to a significant sale of customer premise equipment
to a single government customer in the second quarter of 2011, and
a 6 percent decline in access lines, partially offset by revenue
growth from video, HSI and business data services. Adjusted
EBITDA was $29.2 million, a decrease of $2.6 million
year-over-year, due primarily to a $1.5 million recovery of fully
reserved receivables in the second quarter of 2011, as well as a
$1.0 million settlement benefit in the second quarter of 2011 as a
result of the resolution of a vendor contract dispute. The
Company generated net income of $5.5 million, or $0.51 per diluted
share for the quarter, recording its seventh consecutive quarter of
profitability.
Business Revenue
Second quarter business revenue totaled $39.8 million, down $4.6
million from the same period a year ago, primarily due to a $4.3
million year-over-year decrease in equipment and managed services
revenue, mostly related to the high level of sales of customer
premise equipment to a single government customer in the second
quarter of 2011. Additionally, the decline in business revenue
related to the 3.1 percent and 2.6 percent year-over-year secular
decline in business access and long distance lines,
respectively. These decreases were partially offset by a 5
percent year-over-year increase in business data revenue driven by
demand for IP-based data services. Also contributing to the
offset was higher business HSI revenue as a result of a 6.2 percent
year-over-year increase in business HSI subscribers to
approximately 18,000.
Consumer Revenue
Second quarter consumer revenue totaled $34.0 million, down 1
percent year-over-year due to an anticipated decline from certain
legacy services, but up 1 percent from the first quarter, driven by
video revenue more than doubling. The sequential growth in
consumer revenues marks a key turning point for the Company as it
reverses long-standing secular declines from legacy services and
positions it to drive overall organic revenue growth.
Video revenue doubled to $1 million from $0.5 million in the
first quarter driven by a 64 percent sequential increase in the
number of subscribers in the quarter to approximately
6,400. For the quarter, approximately 9,000 additional homes
were enabled, increasing the number of homes enabled to
approximately 50,000, resulting in subscriber penetration of over
12 percent, up from over 9 percent at the end of the first
quarter.
Consumer HSI revenue was also up for the quarter led by a 3.3
percent year-over-year increase in consumer HSI subscribers to
86,000. HSI subscriber growth was driven by high HSI pull
through rates for new video subscribers and enhancements to the
broadband network. Approximately 60 percent of total video
subscribers have a triple-play and 86 percent have a
double-play. Increases driven by its next-generation services
were offset by the decline in consumer revenue related to the 8.5
percent and 8.0 percent year-over-year secular decline in consumer
access and long distance lines, respectively.
Wholesale Revenue
Second quarter wholesale revenue totaled $17.7 million, down 3.6
percent from the same period a year ago. Wholesale carrier
data revenue declined 2.7 percent year-over-year to $15.4 million,
due to certain wireless carriers disconnecting lower bandwidth
legacy circuits, which were replaced with new, more efficient
fiber-based, higher bandwidth Ethernet circuits. Switched
carrier access revenue declined 9.1 percent year-over-year to $2.3
million, largely attributable to the overall decline in access
lines.
Operating Expenses, Capital Expenditures and
Liquidity
Operating expenses, exclusive of depreciation and amortization
and one-time charges, decreased 5 percent to $66.0 million,
primarily due to decreased direct cost of goods related to lower
equipment sales, and a decline in wages and employee benefit costs
on lower headcount, partially offset by increased direct cost of
goods related to video, higher energy costs and higher bad debt
expense as a result of the $1.5 million recovery of fully reserved
receivables in the second quarter of 2011.
Capital expenditures totaled $41.2 million for the six-months
ended June 30, 2012, up from $35.4 million for the six-month period
a year ago due primarily to investments in broadband network
infrastructure and expansion of video enabled households. Overall,
total capital expenditures for 2012 are expected to be consistent
with 2011 levels.
At the end of second quarter 2012, the Company had $65.8 million
in cash and cash equivalents compared to $82.1 million at the end
of 2011. The reduction is primarily related to $14.7 million
of costs associated with the refinancing of its $300 million term
loan in February 2012, temporary uses of working capital and higher
capital expenditures. Net Debt(2) was $230.0 million,
resulting in a Net Debt to Adjusted EBITDA ratio as of June 30,
2012 of 1.94x.
Conference Call
The Company will host a conference call to discuss its second
quarter 2012 results at 8:00 a.m. (Hawaii Time), or 2:00 p.m.
(Eastern Time) on Thursday, August 9, 2012.
To access the call, participants should dial (800) 259-0251
(US/Canada), or (617) 614-3671 (International) ten minutes prior to
the start of the call and enter passcode 99524365.
A live webcast of the conference call, including a slide
presentation, will be available from the Investor Relations section
of the Company's website at http://hawaiiantel.com. The
webcast will be archived at the same location.
A telephonic replay of the conference call will be available one
hour after the conclusion of the call until 11:59 p.m. (Eastern
Time) August 16, 2012. Access the replay by dialing (888)
286-8010 and entering passcode 18532018. Alternatively, the
replay can be accessed by dialing (617) 801-6888 and entering
passcode 18532018.
Use of Non-GAAP Financial Measures
This press release contains information about adjusted earnings
before interest, taxes, depreciation and amortization (Adjusted
EBITDA), Pro-forma Net Income and Net Debt. These are non-GAAP
financial measures used by Hawaiian Telcom management when
evaluating results of operations. Management believes these
measures also provide users of the financial statements with
additional and useful comparisons of current results of operations
with past and future periods. Non-GAAP financial measures should
not be construed as being more important than comparable GAAP
measures. Detailed reconciliations of Adjusted EBITDA, Pro-forma
Net Income and Net Debt to comparable GAAP financial measures have
been included in the tables distributed with this release and are
available in the Investor Relations section of
www.hawaiiantel.com.
Forward-Looking Statements
In addition to historical information, this release includes
certain statements and predictions that constitute forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. In particular, any statement, projection
or estimate that includes or references the words "believes",
"anticipates", "intends", "expected", or any similar expression
falls within the safe harbor of forward-looking statements
contained in the Reform Act. Actual results or outcomes may
differ materially from those indicated or suggested by any such
forward-looking statement for a variety of reasons, including, but
not limited to, Hawaiian Telcom's ability to maintain its market
position in communications services, including wireless, wireline
and Internet services; general economic trends affecting the
purchase or supply of communication services; world and national
events that may affect the ability to provide services; changes in
the regulatory environment; any rulings, orders or decrees that may
be issued by any court or arbitrator; restrictions imposed under
various credit facilities; work stoppages caused by labor disputes;
adjustments resulting from year-end audit procedures; Hawaiian
Telcom's ability to develop and launch new products and services,
including video services; and risks relating to the proposed
Wavecom acquisition. More information on potential risks and
uncertainties is available in recent filings with the Securities
and Exchange Commission, including Hawaiian Telcom's 2011 Annual
Report on Form 10-K. The information contained in this release is
as of August 9, 2012. It is anticipated that subsequent events and
developments may cause estimates to change.
About Hawaiian Telcom
Hawaiian Telcom Holdco, Inc., headquartered in Honolulu, is
Hawaii's leading provider of integrated communications solutions
for business and residential customers. With roots in Hawaii
beginning in 1883, the Company offers a full range of services
including voice, video, Internet, data, wireless, and advanced
communication and network services supported by the reach and
reliability of its network and Hawaii's only 24/7 state-of-the-art
network operations center. With employees statewide sharing a
commitment to innovation and a passion for delivering superior
service, Hawaiian Telcom provides an Always OnSM customer
experience. For more information, visit
www.hawaiiantel.com.
The Hawaiian Telcom Holdco, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=10087
(1) Adjusted EBITDA is EBITDA plus
non-recurring costs not expected to occur regularly in the ordinary
course of business. EBITDA is defined as net income plus
interest expense (net of interest income and other), income taxes,
depreciation and amortization, and non-cash stock
compensation. The Company believes both of these non-GAAP
measures, Adjusted EBITDA and EBITDA, are meaningful performance
measures for investors because they are used by our Board and
management to evaluate performance, enhance comparability between
periods and make operating decisions. Our use of Adjusted
EBITDA and EBITDA may not be comparable to similarly titled
measures used by other companies in the telecommunications
industry. A detailed reconciliation of Adjusted EBITDA to
comparable GAAP financial measures has been included in the tables
distributed with this release.
(2) Net Debt provides a useful measure of
liquidity and financial health. The Company defines Net Debt as the
sum of the face amount of short-term and long-term debt and
unamortized premium and/or discount, offset by cash and cash
equivalents. A detailed reconciliation of Net Debt has been
included in the tables distributed with this release.
Hawaiian Telcom Holdco,
Inc. |
Consolidated Statements
of Operations |
(Unaudited, dollars in
thousands, except per share amounts) |
|
|
Three Months Ended June
30, |
Six Months Ended June
30, |
|
2012 |
2011 |
2012 |
2011 |
|
|
|
|
|
Operating revenues |
$ 94,689 |
$ 100,744 |
$ 192,263 |
$ 199,250 |
|
|
|
|
|
Operating expenses: |
|
|
|
|
Cost of revenues (exclusive of
depreciation and amortization) |
39,432 |
41,960 |
80,231 |
82,530 |
Selling, general and
administrative |
26,994 |
30,382 |
56,020 |
60,518 |
Depreciation and
amortization |
17,354 |
15,212 |
33,942 |
30,517 |
|
|
|
|
|
Total operating expenses |
83,780 |
87,554 |
170,193 |
173,565 |
|
|
|
|
|
Operating income |
10,909 |
13,190 |
22,070 |
25,685 |
|
|
|
|
|
Other income (expense): |
|
|
|
|
Interest expense |
(5,414) |
(6,235) |
(11,400) |
(12,494) |
Loss on early extinguishment of
debt |
-- |
-- |
(5,112) |
-- |
Interest income and other |
6 |
17 |
18 |
30 |
|
|
|
|
|
Total other expense |
(5,408) |
(6,218) |
(16,494) |
(12,464) |
|
|
|
|
|
Income before reorganization items and income
tax benefit |
5,501 |
6,972 |
5,576 |
13,221 |
|
|
|
|
|
Reorganization items |
-- |
239 |
-- |
950 |
|
|
|
|
|
Income before income tax benefit |
5,501 |
6,733 |
5,576 |
12,271 |
|
|
|
|
|
Income tax benefit |
(20) |
-- |
(152) |
-- |
|
|
|
|
|
Net income |
$ 5,521 |
$ 6,733 |
$ 5,728 |
$ 12,271 |
|
|
|
|
|
|
|
|
|
|
Net income per common share - |
|
|
|
|
Basic |
$ 0.54 |
$ 0.66 |
$ 0.56 |
$ 1.21 |
Diluted |
$ 0.51 |
$ 0.61 |
$ 0.54 |
$ 1.12 |
|
|
|
|
|
Weighted average shares used to compute net
income per common share - |
|
|
|
|
Basic |
10,241,073 |
10,138,572 |
10,221,056 |
10,138,137 |
Diluted |
10,730,095 |
11,023,118 |
10,616,201 |
10,978,578 |
|
|
|
|
|
|
|
|
Hawaiian Telcom Holdco,
Inc. |
|
|
Consolidated Balance
Sheets |
|
|
(Unaudited, dollars in
thousands, except per share amounts) |
|
|
|
|
|
|
June 30, 2012 |
December 31, 2011 |
|
|
|
Assets |
|
|
|
|
|
Current assets |
|
|
Cash and cash equivalents |
$ 65,758 |
$ 82,063 |
Receivables, net |
33,091 |
37,712 |
Material and supplies |
10,317 |
8,190 |
Prepaid expenses |
5,832 |
4,107 |
Other current assets |
2,467 |
2,127 |
Total current assets |
117,465 |
134,199 |
Property, plant and equipment, net |
489,994 |
482,371 |
Intangible assets, net |
39,380 |
40,745 |
Other assets |
9,693 |
4,457 |
|
|
|
Total assets |
$ 656,532 |
$ 661,772 |
|
|
|
Liabilities and Stockholders'
Equity |
|
|
|
|
|
Current liabilities |
|
|
Current portion of long-term
debt |
$ 2,250 |
$ 2,600 |
Accounts payable |
26,472 |
24,785 |
Accrued expenses |
17,721 |
23,811 |
Advance billings and customer
deposits |
16,006 |
14,672 |
Other current liabilities |
3,860 |
3,649 |
Total current liabilities |
66,309 |
69,517 |
Long-term debt |
293,512 |
297,400 |
Employee benefit obligations |
117,022 |
155,428 |
Other liabilities |
3,583 |
3,231 |
Total liabilities |
480,426 |
525,576 |
|
|
|
Commitments and contingencies (Note 12) |
|
|
|
|
|
Stockholders' equity |
|
|
Common stock, par value of
$0.01 per share, 245,000,000 shares authorized and 10,245,773 and
10,190,526 shares issued and outstanding at June 30, 2012 and
December 31, 2011, respectively |
102 |
102 |
Additional paid-in capital |
165,123 |
164,328 |
Accumulated other comprehensive
loss |
(24,131) |
(57,518) |
Retained earnings |
35,012 |
29,284 |
Total stockholders' equity |
176,106 |
136,196 |
|
|
|
Total liabilities and stockholders'
equity |
$ 656,532 |
$ 661,772 |
|
Hawaiian Telcom Holdco,
Inc. |
Consolidated Statements
of Cash Flows |
(Unaudited, dollars in
thousands) |
|
|
Six Months Ended June
30, |
|
2012 |
2011 |
|
|
|
Cash flows from operating activities: |
|
|
Net income |
$ 5,728 |
$ 12,271 |
Adjustments to reconcile net income to net
cash provided by operating activities |
|
|
Depreciation and
amortization |
33,942 |
30,517 |
Loss on early extinguishment of
debt |
5,112 |
-- |
Employee retirement
benefits |
(5,018) |
(3,223) |
Provision for
uncollectibles |
1,905 |
790 |
Reorganization items |
-- |
950 |
Stock based compensation |
840 |
972 |
Changes in operating assets and
liabilities: |
|
|
Receivables |
2,716 |
(4,279) |
Material and supplies |
(2,127) |
1,293 |
Prepaid expenses and other
current assets |
(2,065) |
2,947 |
Accounts payable and accrued
expenses |
(3,367) |
(8,267) |
Advance billings and customer
deposits |
1,334 |
(554) |
Other current liabilities |
211 |
863 |
Other |
394 |
(962) |
Net cash provided by operating activities
before reorganization items |
39,605 |
33,318 |
Operating cash flows used by reorganization
items |
-- |
(2,292) |
Net cash provided by operating
activities |
39,605 |
31,026 |
|
|
|
Cash flows from investing activities: |
|
|
Capital expenditures |
(41,235) |
(35,413) |
Net cash used in investing activities |
(41,235) |
(35,413) |
|
|
|
Cash flows from financing
activities: |
|
|
Repayment of debt including premium |
(306,000) |
-- |
Proceeds from borrowing |
295,500 |
-- |
Loan refinancing costs |
(4,130) |
-- |
Taxes paid related to net share settlement of
equity awards |
(45) |
-- |
Proceeds from sale of common stock |
-- |
49 |
Net cash provided by (used in) financing
activities |
(14,675) |
49 |
|
|
|
Net change in cash and cash equivalents |
(16,305) |
(4,338) |
Cash and cash equivalents, beginning of
period |
82,063 |
81,647 |
|
|
|
Cash and cash equivalents, end of period |
$ 65,758 |
$ 77,309 |
|
|
|
Supplemental disclosure of cash flow
information: |
|
|
Interest paid, net of amounts
capitalized |
$ 12,067 |
$ 12,569 |
Non-cash investing activities -
receipt of equipment for settlement of receivable for capital
lease |
-- |
2,250 |
|
Hawaiian Telcom Holdco,
Inc. |
Quarterly Revenue by
Category and Channel |
(Unaudited, dollars in
thousands) |
|
For Three Months |
|
|
|
Three Months Ended June
30, |
Change |
|
2012 |
2011 |
Amount |
Percentage |
|
|
|
|
|
Wireline Services |
|
|
|
|
Local voice services |
$ 35,730 |
$ 36,690 |
$ (960) |
-2.6% |
Network access services |
|
|
|
|
Business data |
4,791 |
4,562 |
229 |
5.0% |
Wholesale carrier data |
15,457 |
15,892 |
(435) |
-2.7% |
Subscriber line access
charge |
9,756 |
10,043 |
(287) |
-2.9% |
Switched carrier access |
2,251 |
2,475 |
(224) |
-9.1% |
|
32,255 |
32,972 |
(717) |
-2.2% |
Long distance services |
7,159 |
8,013 |
(854) |
-10.7% |
High-Speed Internet |
8,959 |
8,779 |
180 |
2.1% |
Video |
1,035 |
-- |
1,035 |
NA |
Equipment and managed
services |
6,380 |
10,689 |
(4,309) |
-40.3% |
Other |
2,316 |
2,504 |
(188) |
-7.5% |
|
93,834 |
99,647 |
(5,813) |
-5.8% |
Wireless |
855 |
1,097 |
(242) |
-22.1% |
|
$ 94,689 |
$ 100,744 |
$ (6,055) |
-6.0% |
|
|
|
|
|
Channel |
|
|
|
|
Business |
$ 39,766 |
$ 44,392 |
$ (4,626) |
-10.4% |
Consumer |
34,044 |
34,384 |
(340) |
-1.0% |
Wholesale |
17,708 |
18,367 |
(659) |
-3.6% |
Other |
3,171 |
3,601 |
(430) |
-11.9% |
|
$ 94,689 |
$ 100,744 |
$ (6,055) |
-6.0% |
|
|
|
For Six Months |
|
|
|
Six Months Ended June
30, |
Change |
|
2012 |
2011 |
Amount |
Percentage |
|
|
|
|
|
Wireline Services |
|
|
|
|
Local voice services |
$ 71,427 |
$ 74,078 |
$ (2,651) |
-3.6% |
Network access services |
|
|
|
|
Business data |
9,552 |
8,926 |
626 |
7.0% |
Wholesale carrier data |
31,634 |
32,679 |
(1,045) |
-3.2% |
Subscriber line access
charge |
19,592 |
20,263 |
(671) |
-3.3% |
Switched carrier access |
4,635 |
5,041 |
(406) |
-8.1% |
|
65,413 |
66,909 |
(1,496) |
-2.2% |
Long distance services |
14,607 |
16,651 |
(2,044) |
-12.3% |
High-Speed Internet |
17,935 |
17,546 |
389 |
2.2% |
Video |
1,532 |
-- |
1,532 |
NA |
Equipment and managed
services |
14,889 |
16,586 |
(1,697) |
-10.2% |
Other |
4,696 |
5,274 |
(578) |
-11.0% |
|
190,499 |
197,044 |
(6,545) |
-3.3% |
Wireless |
1,764 |
2,206 |
(442) |
-20.0% |
|
$ 192,263 |
$ 199,250 |
$ (6,987) |
-3.5% |
|
|
|
|
|
Channel |
|
|
|
|
Business |
$ 81,863 |
$ 84,341 |
$ (2,478) |
-2.9% |
Consumer |
67,671 |
69,709 |
(2,038) |
-2.9% |
Wholesale |
36,269 |
37,720 |
(1,451) |
-3.8% |
Other |
6,460 |
7,480 |
(1,020) |
-13.6% |
|
$ 192,263 |
$ 199,250 |
$ (6,987) |
-3.5% |
|
Hawaiian Telcom Holdco,
Inc. |
Schedule of Adjusted
EBITDA Calculations |
(Unaudited, dollars in
thousands) |
|
|
Three Months Ended June
30, |
Six Months Ended June
30, |
|
2012 |
2011 |
2012 |
2011 |
|
|
|
|
|
Net income |
$ 5,521 |
$ 6,733 |
$ 5,728 |
$ 12,271 |
Income tax benefit |
(20) |
-- |
(152) |
-- |
Interest expense and other
income and expense, net |
5,408 |
6,218 |
16,494 |
12,464 |
Reorganization items |
-- |
239 |
-- |
950 |
Depreciation and
amortization |
17,354 |
15,212 |
33,942 |
30,517 |
Non-cash stock
compensation |
500 |
661 |
840 |
972 |
EBITDA |
28,763 |
29,063 |
56,852 |
57,174 |
Non-recurring costs |
458 |
560 |
961 |
1,048 |
Severance and lease termination
costs |
-- |
2,200 |
-- |
2,200 |
|
|
|
|
|
Adjusted EBITDA |
$ 29,221 |
$ 31,823 |
$ 57,813 |
$ 60,422 |
|
Hawaiian Telcom Holdco,
Inc. |
Net Debt to LTM
Adjusted EBITDA Ratio |
(Unaudited, dollars in
thousands) |
|
Long-term debt as of June 30, 2012 |
$ 295,762 |
Less cash on hand |
(65,758) |
Total Net Debt as of June 30, 2012 |
$ 230,004 |
|
|
LTM Adjusted EBITDA as of June 30, 2012 |
$ 118,462 |
|
|
Total Net Debt to Adjusted EBITDA |
1.94x |
|
Hawaiian Telcom Holdco,
Inc. |
Volume
Information |
(Unaudited) |
|
June 2012 compared to June
2011 |
|
|
|
|
June 30, |
June 30, |
Change |
|
2012 |
2011 |
Number |
Percentage |
|
|
|
|
|
Voice access lines |
|
|
|
|
Residential |
212,668 |
232,344 |
(19,676) |
-8.5% |
Business |
185,574 |
191,466 |
(5,892) |
-3.1% |
Public |
4,493 |
4,717 |
(224) |
-4.7% |
|
402,735 |
428,527 |
(25,792) |
-6.0% |
|
|
|
|
|
High-Speed Internet lines |
|
|
|
|
Residential |
86,021 |
83,242 |
2,779 |
3.3% |
Business |
17,990 |
16,934 |
1,056 |
6.2% |
Wholesale |
1,122 |
1,173 |
(51) |
-4.3% |
|
105,133 |
101,349 |
3,784 |
3.7% |
|
|
|
|
|
Long distance lines |
|
|
|
|
Residential |
131,082 |
142,416 |
(11,334) |
-8.0% |
Business |
75,763 |
77,775 |
(2,012) |
-2.6% |
|
206,845 |
220,191 |
(13,346) |
-6.1% |
|
|
|
|
|
Video |
|
|
|
|
Subscribers |
6,354 |
-- |
6,354 |
NA |
Homes Enabled |
50,149 |
-- |
50,149 |
NA |
|
|
|
|
June 2012 compared to March
2012 |
|
|
|
|
June 30, |
March 31, |
Change |
|
2012 |
2012 |
Number |
Percentage |
|
|
|
|
|
Voice access lines |
|
|
|
|
Residential |
212,668 |
217,470 |
(4,802) |
-2.2% |
Business |
185,574 |
186,854 |
(1,280) |
-0.7% |
Public |
4,493 |
4,559 |
(66) |
-1.4% |
|
402,735 |
408,883 |
(6,148) |
-1.5% |
|
|
|
|
|
High-Speed Internet lines |
|
|
|
|
Residential |
86,021 |
85,518 |
503 |
0.6% |
Business |
17,990 |
17,714 |
276 |
1.6% |
Wholesale |
1,122 |
1,126 |
(4) |
-0.4% |
|
105,133 |
104,358 |
775 |
0.7% |
|
|
|
|
|
Long distance lines |
|
|
|
|
Residential |
131,082 |
133,648 |
(2,566) |
-1.9% |
Business |
75,763 |
76,197 |
(434) |
-0.6% |
|
206,845 |
209,845 |
(3,000) |
-1.4% |
|
|
|
|
|
Video |
|
|
|
|
Subscribers |
6,354 |
3,866 |
2,488 |
64.4% |
Homes Enabled |
50,149 |
41,200 |
8,949 |
21.7% |
CONTACT: Investor Relations Contact:
Brian Tanner, Hawaiian Telcom
(808) 546-3442
brian.tanner@hawaiiantel.com
Media Contact:
Scott Simon, Hawaiian Telcom
(808) 546-5466
scott.simon@hawaiiantel.com
Hawaiian Telcom Holdco, Inc. (delisted) (NASDAQ:HCOM)
過去 株価チャート
から 6 2024 まで 7 2024
Hawaiian Telcom Holdco, Inc. (delisted) (NASDAQ:HCOM)
過去 株価チャート
から 7 2023 まで 7 2024