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SureWest cites broadband, wireless in strong Q1

Wed, 04/30/2003 - 8:00pm
Jeff Baumgartner

SureWest Communications posted first quarter revenues of $47.4 million, up from $43.5 million, attributing the rise to strong performances from its broadband and wireless service segments.

SureWest also recorded a profit of $700,000 (5 cents per share), down from $5.6 million (37 cents per share) in the first quarter of 2002, which included a one-time pre-tax gain of $4.4 million from the sale of the company's alarm monitoring assets.

The service provider ended the quarter with 16,843 DSL subs after adding 1,195 during the period.

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