Qwest HSD, DirecTV subs contribute to Q4 profit
Qwest Communications posted a fourth quarter profit of $194 million, compared with a net loss of $528 million in Q4 2005. Revenue was essentially flat at $3.49 billion, up from $3.48 billion a year ago.
The company added 165,000 Internet subscribers in the quarter, compared with 140,000 a year earlier. Qwest now tallies a total of 2.14 million high-speed data customers. The company said it benefited from strong demand for its "Price for Life" promotion, which offers new Qwest Choice DSL Deluxe (1.5 Mbps) and Qwest Choice DSL Premium (3-5 Mbps) customers who sign a two-year term commitment a fixed price for life.
Qwest also added 78,000 net DirecTV subscribers in the quarter for a total of 366,000.