SureWest Communications, an integrated communications provider based in Roseville, California, reported Q1 net revenues of $47.4 million and net income of $0.7 million, or $0.05 per share. The company has nearly 17,000 DSL subscribers and over 15,000 'triple-play' revenue generating units (RGUs). SureWest, which has 100% DSL availability in its service area, has a DSL penetration density of 17.8% of primary residential lines and 12.3% of ILEC access lines.
Consolidated capital expenditures related to operations totaled $11.3 million in the first quarter of 2003, compared to $10.8 million in the first quarter of 2002. Capital expenditures for the remainder of 2003 are expected to total about $50 million, including approximately $21 million for triple-play capital expenditures.
http://www.surewest.com
- SureWest serves in excess of 135,000 access lines in its 83-square mile territory near Sacramento, California.
