Hawaiian Telcom Holdco, Inc. (Nasdaq:HCOM) reported financial
results for its second quarter ended June 30. The highlights are as
follows:
- Revenue of $97.0 million grew by $2.3 million, or 2.4 percent,
from $94.7 million in the prior year. Adjusted EBITDA(1) of $30.0
million grew 2.5 percent compared to the same period a year ago.
- Second quarter net income of $4.0 million, or $0.36 per diluted
share, included a one-time $6.5 million gain from the sale of
property, offset by a one-time $3.7 million loss on early
extinguishment of debt in connection with the successful
refinancing of its $300 million term loan.
- Consumer revenue increased 1.5 percent year-over-year to $34.8
million, driven by growth in video and high-speed Internet (HSI)
revenue of $1.8 million and $0.9 million, respectively.
- Enabled 17,000 households in the quarter, achieving its
two-year goal of 100,000 households enabled.
- Hawaiian Telcom TV subscribers more than doubled over the past
year to approximately 13,600, resulting in penetration of
approximately 14 percent of households enabled.
- Successfully refinanced its $300 million term loan, extending
the maturity, lowering borrowing costs by $6 million annually, and
providing added flexibility to execute its strategic plan and
enhance shareholder value.
- Successfully completed a $13.9 million sale of a parcel of land
on Oahu.
"I am pleased with our second quarter results and the continued
expansion of our enhanced broadband network," said Eric K. Yeaman,
Hawaiian Telcom's president and CEO. "We successfully executed on
our goal to expand the reach of our enhanced broadband network to
100,000 households on Oahu by the second anniversary of our
commercial launch of Hawaiian Telcom TV. This build-out gives us a
solid foundation for future revenue growth in our consumer channel,
which is expected to increase as we continue to deliver Hawaii's
best home entertainment experience to more neighborhoods and homes
every week.
"In the business channel, we continue to see growth in our
IP-based services, driven by a 34 percent year-over-year increase
in business data revenue, including revenue from our Wavecom
Solutions Corporation subsidiary acquired in December 2012. In our
wholesale channel, we continue to invest capital in
Fiber-to-the-Tower (FTTT) projects, enabling our participation in
the growing demand for wireless broadband. We now have 252 cell
sites completed with 180 additional sites under contract to build,
and we are currently pursuing over 40 additional sites.
"Our investments are transforming the Company and successfully
repositioning us for the future. We have built a strong set of
assets and have the right strategies to capitalize on the key
opportunities that exist in our marketplace. I am confident about
the Company's growth prospects and our ability to drive long-term
shareholder value," concluded Yeaman.
Second Quarter 2013 Results
Second quarter revenue was $97.0 million, a 2.4 percent increase
compared with $94.7 million in the second quarter of 2012. Revenue
growth in the quarter was driven by video, HSI, and revenues
related to the Wavecom acquisition, which more than offset the
impact from a 2.1 percent decline in access lines. Adjusted EBITDA
was $30.0 million, up 2.5 percent from the same period a year
ago.
The Company generated net income of $4.0 million, or $0.36 per
diluted share for the quarter, compared to $5.5 million, or $0.51
per diluted share in the same period a year ago. The decrease was
primarily due to a one-time $3.7 million loss on early
extinguishment of debt, a $2.5 million increase in depreciation and
amortization, and a $2.5 million deferred tax provision, partially
offset by a one-time $6.5 million gain from the sale of
property.
Consumer Revenue
Second quarter consumer revenue totaled $34.8 million, up 1.5
percent year-over-year driven primarily by revenue growth from the
Company's Hawaiian Telcom TV service. The increased reach of the
Company's enhanced broadband network is the catalyst that is
driving revenue growth in video and HSI services, which is more
than offsetting declines from legacy services. The second quarter
marked the fourth consecutive quarter of year-over-year growth in
consumer revenue.
Video service revenue grew to $2.9 million for the quarter, up
from $1.0 million in the same period a year ago, driven by the
addition of over 7,200 subscribers to reach a total of
approximately 13,600 subscribers at the end of the second quarter.
Hawaiian Telcom TV average revenue per user (ARPU) was up
approximately 12 percent year-over-year. For the quarter, 17,000
additional households were enabled, increasing the total number of
households enabled to 100,000. Hawaiian Telcom TV penetration of
households enabled was approximately 14 percent at the end of the
second quarter.
Consumer HSI revenue also was up from the same period a year
ago, led by a 4.3 percent year-over-year increase in consumer HSI
subscribers to approximately 89,700, which was driven primarily by
high HSI pull-through rates from new video subscribers, and
standalone HSI subscriber additions. As of June 30, 2013,
approximately 54 percent of all video subscribers had triple-play
bundles and approximately 88 percent had double-, or triple-play
bundles. Increases driven by next-generation consumer video and HSI
services were partially offset by declines in legacy consumer
access and long distance lines of 8.6 percent and 7.2 percent,
respectively.
Business Revenue
Second quarter business revenue totaled $42.6 million, up 7.0
percent from the same period a year ago, primarily due to revenue
added as a result of the Wavecom acquisition. Additionally, the
increase in business revenue related to a $0.7 million
year-over-year increase in equipment and managed services revenue
and higher demand for IP-based data services. These increases were
partially offset by the year-over-year decline in legacy business
access and long distance revenues.
Wholesale Revenue
Second quarter wholesale revenue totaled $16.5 million, down 6.6
percent from the same period a year ago. Wholesale carrier data
revenue declined $0.6 million year-over-year to $14.8 million,
mainly due to the elimination of previously recognized revenue that
related to services provided to Wavecom. Switched carrier access
revenue declined $0.5 million year-over-year to $1.7 million,
equally attributable to the overall declines in access lines and
minutes of use, and the impact of intercarrier compensation
reform.
Operating Expenses, Capital Expenditures and
Liquidity
Operating expenses, exclusive of depreciation and amortization,
one-time charges and non-cash stock compensation, increased 2.4
percent to $67.0 million, primarily due to increased direct cost of
goods related to video and higher levels of equipment sales,
partially offset by lower costs related to various vendor
contracts.
Capital expenditures totaled $45.0 million in the six-months
ended June 30, 2013, up from $41.2 million for the six-month period
a year ago primarily due to investments in broadband network
infrastructure and increased success-based spending to support the
subscriber growth of Hawaiian Telcom TV and FTTT builds. Overall,
capital expenditures for 2013 are expected to be in the range of
$80.0 million to $83.0 million.
At the end of second quarter 2013, the Company had $58.4 million
in cash and cash equivalents compared to $67.0 million at the end
of 2012. The reduction is primarily related to $7.9 million of
costs (including prepayment premium, original issue discount, and
fees and expenses) associated with the refinancing of its $300
million term loan, temporary uses of working capital, mandatory
debt prepayment, and higher capital expenditures, partially offset
by $13.1 million of net proceeds received from the sale of a parcel
of land. Net Debt(2) was $236.8 million, resulting in a Net Debt to
Adjusted EBITDA ratio as of June 30, 2013 of 1.92x.
Conference Call
The Company will host a conference call to discuss its second
quarter 2013 results at 8:00 a.m. (Hawaii Time), or 2:00 p.m.
(Eastern Time) on Monday, August 5, 2013.
To access the call, participants should dial (877) 703-6103
(US/Canada), or (857) 244-7302 (International) ten minutes prior to
the start of the call and enter passcode 72617937.
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 12, 2013. Access the replay by dialing (888) 286-8010
and entering passcode 63553387. Alternatively, the replay can be
accessed by dialing (617) 801-6888 and entering passcode
63553387.
Use of Non-GAAP Financial Measures
This press release contains information about adjusted earnings
before interest, taxes, depreciation and amortization (Adjusted
EBITDA) 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 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 at
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 voice, video,
Internet, data, wireless, and advanced communication and network
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 and debt instruments; work stoppages caused by labor
disputes; adjustments resulting from year-end audit procedures; and
Hawaiian Telcom's ability to develop and launch new products and
services. More information on potential risks and uncertainties is
available in recent filings with the Securities and Exchange
Commission, including Hawaiian Telcom's 2012 Annual Report on Form
10-K. The information contained in this release is as of August 5,
2013. It is anticipated that subsequent events and developments may
cause estimates to change, and the Company undertakes no duty to
update forward-looking statements.
About Hawaiian Telcom
Hawaiian Telcom Holdco, Inc., headquartered in Honolulu, is
Hawaii's leading provider of integrated communications and
entertainment 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, non-cash stock compensation and gain
on sale of property. 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 Income |
(Unaudited, dollars in
thousands, except per share amounts) |
|
|
|
|
|
|
Three Months Ended
June 30, |
Six Months Ended
June 30, |
|
2013 |
2012 |
2013 |
2012 |
|
|
|
|
|
Operating revenues |
$ 96,997 |
$ 94,689 |
$ 192,961 |
$ 192,263 |
|
|
|
|
|
Operating expenses: |
|
|
|
|
Cost of revenues
(exclusive of depreciation and amortization) |
39,960 |
39,432 |
80,244 |
80,231 |
Selling, general and
administrative |
28,516 |
26,994 |
56,895 |
56,020 |
Gain on sale of
property |
(6,546) |
-- |
(6,546) |
-- |
Depreciation and
amortization |
19,841 |
17,354 |
38,558 |
33,942 |
|
|
|
|
|
Total operating
expenses |
81,771 |
83,780 |
169,151 |
170,193 |
|
|
|
|
|
Operating income |
15,226 |
10,909 |
23,810 |
22,070 |
|
|
|
|
|
Other income (expense): |
|
|
|
|
Interest
expense |
(5,083) |
(5,414) |
(10,623) |
(11,400) |
Loss on early
extinguishment of debt |
(3,660) |
-- |
(3,660) |
(5,112) |
Interest income and
other |
6 |
6 |
21 |
18 |
|
|
|
|
|
Total other
expense |
(8,737) |
(5,408) |
(14,262) |
(16,494) |
|
|
|
|
|
Income before income tax provision
(benefit) |
6,489 |
5,501 |
9,548 |
5,576 |
|
|
|
|
|
Income tax provision
(benefit) |
2,538 |
(20) |
3,750 |
(152) |
|
|
|
|
|
Net income |
$ 3,951 |
$ 5,521 |
$ 5,798 |
$ 5,728 |
|
|
|
|
|
|
|
|
|
|
Net income per common share
-- |
|
|
|
|
Basic |
$ 0.38 |
$ 0.54 |
$ 0.56 |
$ 0.56 |
Diluted |
$ 0.36 |
$ 0.51 |
$ 0.53 |
$ 0.54 |
|
|
|
|
|
Weighted
average shares used to compute net income per common share
-- |
|
|
|
Basic |
10,335,828 |
10,241,073 |
10,313,984 |
10,221,056 |
Diluted |
11,094,681 |
10,730,095 |
11,008,101 |
10,616,201 |
|
|
|
Hawaiian Telcom Holdco,
Inc. |
Consolidated Balance
Sheets |
(Unaudited, dollars in
thousands, except per share amounts) |
|
|
|
|
June 30, 2013 |
December 31, 2012 |
|
|
|
Assets |
|
|
|
|
|
Current assets |
|
|
Cash and cash
equivalents |
$ 58,420 |
$ 66,993 |
Receivables,
net |
33,344 |
34,082 |
Material and
supplies |
11,802 |
11,352 |
Prepaid
expenses |
6,786 |
5,161 |
Deferred income taxes,
current |
5,727 |
5,727 |
Other current
assets |
2,062 |
2,181 |
Total current
assets |
118,141 |
125,496 |
Property, plant and equipment,
net |
506,827 |
507,197 |
Intangible assets, net |
37,337 |
39,075 |
Goodwill |
1,415 |
1,569 |
Deferred income taxes |
98,520 |
102,680 |
Other assets |
11,780 |
9,075 |
|
|
|
Total assets |
$ 774,020 |
$ 785,092 |
|
|
|
Liabilities and Stockholders'
Equity |
|
|
|
|
|
Current liabilities |
|
|
Current portion of
long-term debt |
$ 2,362 |
$ 3,000 |
Accounts
payable |
29,107 |
36,351 |
Accrued
expenses |
15,270 |
20,537 |
Advance billings and
customer deposits |
16,219 |
15,185 |
Other current
liabilities |
4,000 |
3,961 |
Total current
liabilities |
66,958 |
79,034 |
Long-term debt |
292,818 |
292,410 |
Employee benefit obligations |
125,851 |
132,004 |
Other liabilities |
4,734 |
4,784 |
Total liabilities |
490,361 |
508,232 |
|
|
|
Commitments and contingencies (Note
12) |
|
|
|
|
|
Stockholders' equity |
|
|
Common stock, par value
of $0.01 per share, 245,000,000 shares authorized and 10,336,484
and 10,291,897 shares issued and outstanding at June 30, 2013 and
December 31, 2012, respectively |
103 |
103 |
Additional paid-in
capital |
166,700 |
165,941 |
Accumulated other
comprehensive loss |
(28,208) |
(28,450) |
Retained
earnings |
145,064 |
139,266 |
Total stockholders' equity |
283,659 |
276,860 |
|
|
|
Total liabilities and stockholders'
equity |
$ 774,020 |
$ 785,092 |
|
|
|
Hawaiian Telcom Holdco,
Inc. |
Consolidated Statements
of Cash Flows |
(Unaudited, dollars in
thousands) |
|
|
|
|
Six Months Ended
June 30, |
|
2013 |
2012 |
|
|
|
Cash flows from operating
activities: |
|
|
Net income |
$ 5,798 |
$ 5,728 |
Adjustments to
reconcile net income to net cash provided by operating
activities |
|
Depreciation and
amortization |
38,558 |
33,942 |
Loss on early
extinguishment of debt |
3,660 |
5,112 |
Gain on sale of
property |
(6,546) |
-- |
Employee retirement
benefits |
(5,708) |
(5,018) |
Provision for
uncollectibles |
1,403 |
1,905 |
Stock based
compensation |
1,151 |
840 |
Deferred income
taxes |
3,985 |
-- |
Changes in operating
assets and liabilities: |
|
|
Receivables |
(665) |
2,716 |
Material and
supplies |
(450) |
(2,127) |
Prepaid expenses and
other current assets |
(1,816) |
(2,065) |
Accounts payable and
accrued expenses |
(9,558) |
(3,367) |
Advance billings and
customer deposits |
1,034 |
1,334 |
Other current
liabilities |
39 |
211 |
Other |
241 |
394 |
Net cash provided by operating
activities |
31,126 |
39,605 |
|
|
|
Cash flows from investing
activities: |
|
|
Capital expenditures |
(44,978) |
(41,235) |
Proceeds on sale of property |
13,118 |
-- |
Net cash used in investing
activities |
(31,860) |
(41,235) |
|
|
|
Cash flows from financing
activities: |
|
|
Repayment of capital lease |
(284) |
-- |
Repayment of debt including
premium |
(302,221) |
(306,000) |
Proceeds from borrowing |
298,500 |
295,500 |
Loan refinancing costs |
(3,442) |
(4,130) |
Taxes paid related to net share
settlement of equity awards |
(392) |
(45) |
Net cash used in financing
activities |
(7,839) |
(14,675) |
|
|
|
Net change in cash and cash
equivalents |
(8,573) |
(16,305) |
Cash and cash equivalents, beginning of
period |
66,993 |
82,063 |
|
|
|
Cash and cash equivalents, end of
period |
$ 58,420 |
$ 65,758 |
|
|
|
Supplemental disclosure of cash flow
information: |
|
|
Interest paid, net of
amounts capitalized |
$ 12,317 |
$ 12,067 |
|
|
|
|
|
Hawaiian Telcom Holdco,
Inc. |
Revenue by Category and
Channel |
(Unaudited, dollars in
thousands) |
|
|
|
|
|
For Three Months |
|
|
|
|
|
Three Months Ended
June 30, |
Change |
|
2013 |
2012 |
Amount |
Percentage |
|
|
|
|
|
Wireline Services |
|
|
|
|
Local voice
services |
$ 34,637 |
$ 35,730 |
$ (1,093) |
-3.1% |
Network access
services |
|
|
|
|
Business data |
6,416 |
4,791 |
1,625 |
33.9% |
Wholesale carrier
data |
14,809 |
15,457 |
(648) |
-4.2% |
Subscriber line access
charge |
9,408 |
9,756 |
(348) |
-3.6% |
Switched carrier
access |
1,736 |
2,251 |
(515) |
-22.9% |
|
32,369 |
32,255 |
114 |
0.4% |
Long distance
services |
6,139 |
7,159 |
(1,020) |
-14.2% |
High-Speed
Internet |
9,880 |
8,959 |
921 |
10.3% |
Video |
2,864 |
1,035 |
1,829 |
176.7% |
Equipment and managed
services |
7,117 |
6,380 |
737 |
11.6% |
Other |
3,296 |
2,316 |
980 |
42.3% |
|
96,302 |
93,834 |
2,468 |
2.6% |
Wireless |
695 |
855 |
(160) |
-18.7% |
|
$ 96,997 |
$ 94,689 |
$ 2,308 |
2.4% |
|
|
|
|
|
Channel |
|
|
|
|
Business |
$ 42,565 |
$ 39,766 |
$ 2,799 |
7.0% |
Consumer |
34,849 |
34,350 |
499 |
1.5% |
Wholesale |
16,545 |
17,708 |
(1,163) |
-6.6% |
Other |
3,038 |
2,865 |
173 |
6.0% |
|
$ 96,997 |
$ 94,689 |
$ 2,308 |
2.4% |
|
|
|
|
|
For Six Months |
|
|
|
|
|
Six Months Ended
June 30, |
Change |
|
2013 |
2012 |
Amount |
Percentage |
|
|
|
|
|
Wireline Services |
|
|
|
|
Local voice
services |
$ 69,664 |
$ 71,427 |
$ (1,763) |
-2.5% |
Network access
services |
|
|
|
|
Business data |
12,603 |
9,552 |
3,051 |
31.9% |
Wholesale carrier
data |
30,273 |
31,634 |
(1,361) |
-4.3% |
Subscriber line access
charge |
19,065 |
19,592 |
(527) |
-2.7% |
Switched carrier
access |
3,502 |
4,635 |
(1,133) |
-24.4% |
|
65,443 |
65,413 |
30 |
0.0% |
Long distance
services |
12,713 |
14,607 |
(1,894) |
-13.0% |
High-Speed
Internet |
19,496 |
17,935 |
1,561 |
8.7% |
Video |
5,067 |
1,532 |
3,535 |
230.7% |
Equipment and managed
services |
12,496 |
14,889 |
(2,393) |
-16.1% |
Other |
6,674 |
4,696 |
1,978 |
42.1% |
|
191,553 |
190,499 |
1,054 |
0.6% |
Wireless |
1,408 |
1,764 |
(356) |
-20.2% |
|
$ 192,961 |
$ 192,263 |
$ 698 |
0.4% |
|
|
|
|
|
Channel |
|
|
|
|
Business |
$ 83,081 |
$ 81,863 |
$ 1,218 |
1.5% |
Consumer |
69,496 |
68,292 |
1,204 |
1.8% |
Wholesale |
33,777 |
36,269 |
(2,492) |
-6.9% |
Other |
6,607 |
5,839 |
768 |
13.2% |
|
$ 192,961 |
$ 192,263 |
$ 698 |
0.4% |
|
|
|
|
|
|
Hawaiian Telcom Holdco,
Inc. |
Schedule of Adjusted
EBITDA Calculation |
(Unaudited, dollars in
thousands) |
|
|
|
|
|
|
|
Three Months Ended
June 30, |
Six Months Ended
June 30, |
LTM Ended June 30, |
|
2013 |
2012 |
2013 |
2012 |
2013 |
|
|
|
|
|
|
Net income |
$ 3,951 |
$ 5,521 |
$ 5,798 |
$ 5,728 |
$ 110,052 |
Income tax provision
(benefit) |
2,538 |
(20) |
3,750 |
(152) |
(87,460) |
Interest expense and
other income and expense, net |
8,737 |
5,408 |
14,262 |
16,494 |
25,004 |
Depreciation and
amortization |
19,841 |
17,354 |
38,558 |
33,942 |
75,524 |
Non-cash stock
compensation |
728 |
500 |
1,151 |
840 |
2,183 |
Gain on sale of
property |
(6,546) |
-- |
(6,546) |
-- |
(6,546) |
EBITDA |
29,249 |
28,763 |
56,973 |
56,852 |
118,757 |
Non-recurring
costs |
474 |
458 |
1,125 |
961 |
2,729 |
Severance
costs |
-- |
-- |
408 |
-- |
1,160 |
Wavecom integration
costs |
242 |
-- |
628 |
-- |
628 |
|
|
|
|
|
|
Adjusted EBITDA |
$ 29,965 |
$ 29,221 |
$ 59,134 |
$ 57,813 |
$ 123,274 |
|
|
Hawaiian Telcom Holdco,
Inc. |
Net Debt to LTM
Adjusted EBITDA Ratio |
(Unaudited, dollars in
thousands) |
|
|
Long-term debt as of June 30,
2013 |
$ 295,180 |
Less cash on
hand |
(58,420) |
Total Net Debt as of June 30,
2013 |
$ 236,760 |
|
|
LTM Adjusted EBITDA as of June 30,
2013 |
$ 123,274 |
|
|
Total Net Debt to Adjusted
EBITDA |
1.92x |
|
|
|
|
|
Hawaiian Telcom Holdco,
Inc. |
Volume
Information |
(Unaudited) |
|
|
|
|
|
|
|
|
|
|
June 2013 compared to June
2012 |
|
|
|
|
|
|
|
|
|
|
|
|
Change |
|
June 30, 2013 |
June 30, 2012 |
Number |
Percentage |
|
|
|
|
|
Voice access lines |
|
|
|
|
Residential |
194,365 |
212,668 |
(18,303) |
-8.6% |
Business * |
195,756 |
185,574 |
10,182 |
5.5% |
Public |
4,291 |
4,493 |
(202) |
-4.5% |
|
394,412 |
402,735 |
(8,323) |
-2.1% |
|
|
|
|
|
High-Speed Internet lines |
|
|
|
|
Residential |
89,737 |
86,021 |
3,716 |
4.3% |
Business |
18,986 |
17,990 |
996 |
5.5% |
Wholesale |
998 |
1,122 |
(124) |
-11.1% |
|
109,721 |
105,133 |
4,588 |
4.4% |
|
|
|
|
|
Long distance lines |
|
|
|
|
Residential |
121,591 |
131,082 |
(9,491) |
-7.2% |
Business * |
79,956 |
75,763 |
4,193 |
5.5% |
|
201,547 |
206,845 |
(5,298) |
-2.6% |
|
|
|
|
|
Video |
|
|
|
|
Subscribers |
13,618 |
6,354 |
7,264 |
114.3% |
Homes Enabled |
100,000 |
50,149 |
49,851 |
99.4% |
|
|
|
|
|
* Business voice access
lines and business long distance lines included approximately
11,400 and 6,200 lines, respectively, as of June 30, 2013 related
to the acquisition of Wavecom. |
|
|
|
|
|
June 2013 compared to March
2013 |
|
|
|
|
|
|
|
Change |
|
June 30, 2013 |
March 31, 2013 |
Number |
Percentage |
|
|
|
|
|
Voice access lines |
|
|
|
|
Residential |
194,365 |
199,044 |
(4,679) |
-2.4% |
Business * |
195,756 |
196,970 |
(1,214) |
-0.6% |
Public |
4,291 |
4,350 |
(59) |
-1.4% |
|
394,412 |
400,364 |
(5,952) |
-1.5% |
|
|
|
|
|
High-Speed Internet lines |
|
|
|
|
Residential |
89,737 |
89,464 |
273 |
0.3% |
Business |
18,986 |
18,810 |
176 |
0.9% |
Wholesale |
998 |
1,013 |
(15) |
-1.5% |
|
109,721 |
109,287 |
434 |
0.4% |
|
|
|
|
|
Long distance lines |
|
|
|
|
Residential |
121,591 |
124,072 |
(2,481) |
-2.0% |
Business * |
79,956 |
80,659 |
(703) |
-0.9% |
|
201,547 |
204,731 |
(3,184) |
-1.6% |
|
|
|
|
|
Video |
|
|
|
|
Subscribers |
13,618 |
11,671 |
1,947 |
16.7% |
Homes Enabled |
100,000 |
83,000 |
17,000 |
20.5% |
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