Time Warner Telecom Cites Challenging Environment

Time Warner Telecom reported $161.6 million in Q1 revenue and a net loss of $(38.8) million compared with revenue of $165.0 million and a net loss of $(33.3) million or $(.29) per share for the same period last year. During the quarter, the company grew its enterprise revenue by $12 million, which was offset by a reduction in carrier and related party revenue of $12 million and a reduction in intercarrier compensation of $3 million. There was a $9.9 million net decrease from carriers and ISPs. The company said it continues to experience a high level of service disconnections, which resulted in the loss of $2.4 million of monthly revenue for the quarter versus $2.9 million for the fourth quarter of 2003.



"This continues to be a challenging environment for us, however, I believe we are on the right path with our current initiatives," said Larissa Herda, Time Warner Telecom's, Chairman, CEO and President. http://www.twtelecom.com