Home nTelos reports first quarter results
Local

nTelos reports first quarter results

ntelos-headerOperating revenues were up 2 percent in the first quarter at nTelos primarily on a strong retail quarter, according to a financial report released on Wednesday.

Retail revenues, which include subscriber and equipment revenues, increased 5 percent to $81.4 million for the first quarter 2014, compared to $77.6 million for the first quarter 2013. Wholesale and other revenues, derived primarily from the the Waynesboro-based company’s Strategic Network Alliance with Sprint, were $40.7 million for the first quarter 2014, compared to $41.8 million for the first quarter 2013; and

“The competitive atmosphere in the wireless industry showed no signs of tempering in the first quarter of 2014,” said James A. Hyde, CEO of nTelos Holdings Corp. “Against this challenging backdrop, nTelos has successfully adapted, positioning nControl as a compelling alternative to the restrictive plans offered by the national carriers. Our strategic shift to a shared plan offering, along with our focus on providing more freedom and flexibility, helped nTelos post our ninth consecutive quarter of positive subscriber growth. Based on the initial success of nControl, we plan to aggressively introduce additional features and options that will further enhance the offering.”

Total subscribers were 468,000 as of March 31, 2014, compared to 451,000 for the same period of 2013. Total subscriber gross additions for the first quarter 2014 were 45,400, compared to 48,500 for the same period of 2013.

“The wireless environment remains very dynamic,” Hyde said. “In addition to launching new features that should further enhance our nControl plans, we will also continue to deploy LTE throughout our footprint to ensure all customers get the best possible network experience and access to high speed mobile broadband services.  We believe our focus on execution will allow us to drive value for all of our key stakeholders.”

Contributors

Contributors

Have a guest column, letter to the editor, story idea or a news tip? Email editor Chris Graham at [email protected]. Subscribe to AFP podcasts on Apple PodcastsSpotifyPandora and YouTube.

Latest News

Ross Breitenbach
State/National

Virginia Tech grad is now an Emmy Award-winning producer

mjf aew dynamite
Sports

AEW having trouble moving tickets for upcoming ‘Dynamite’ show in Norfolk

AEW is coming back to Chartway Arena in Norfolk, and it’s a guarantee that the number of people on hand won’t be anywhere near the company’s high-water mark at the venue.

Mamadi Diakite
Sports

UVA Basketball alum Mamadi Diakite traded to Memphis Grizzlies

UVA Basketball alum Mamadi Diakite, who saw limited action in the 2023-2024 NBA season with San Antonio and New York, is now on his way to Memphis, part of a trade with the Brooklyn Nets.

UVA Bob Klesges
Local

UVA School of Medicine mourns Bob Klesges, top expert in tobacco cessation

Staunton recycling plastic
Local

Staunton: Recycling program one year after successful move to Public Works

jail handcuffs
State/National

16-year-old Richmond juvenile arrested in homicide on Magnolia Street

police crime tape at crime scene
State/National

Richmond: Man found dead in roadway with gunshot identified by police