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.”

augusta free press
augusta free press news

UVA Basketball Fans!

uva basketball team of destiny
Team of Destiny: Inside Virginia Basketball’s Run to the 2019 National Championship, by Jerry Ratcliffe and Chris Graham, is available for $25. The book, with additional reporting by Zach Pereles, Scott Ratcliffe, and Scott German, will take you from the aftermath of the stunning first-round loss to UMBC in 2018 through to the thrilling overtime win over Texas Tech to win the 2019 national title, the first in school history.

Dick Vitale on Team of Destiny: “This is a hoops story you will LOVE! Jerry and Chris capture the sensational and dramatic championship journey by Tony Bennett and his tenacious Cavalier team. UVA was Awesome Baby and so is this book!”

Ralph Sampson on Team of Destiny: “Jerry and Chris have lived and seen it all, even before my time. I highly recommend this book to every basketball fan across the globe. This story translates to all who know defeat and how to overcome it!”

Buy here.

AFP Business

As professional consultants, Augusta Free Press LLC provides clients in the Shenandoah Valley and Central Virginia and beyond with marketing and PR solutions including website design, SEO, TV/radio, video work, branding and logos, social media and overall marketing campaign design and implementation. Augusta Free Press LLC was founded in 2002.

Web Design

Augusta Free Press has designed more than 800 websites for clients in the Shenandoah Valley and Central Virginia. We take care of all facets of web design – visual design, layout design, content development and SEO. Short on staff? We’ll work with you to update your AFP-designed website in a timely manner or train your staff to make changes.

Marketing/Social Media Management

Augusta Free Press manages advertising campaigns for small- and medium-sized businesses across Virginia. You don’t need to hire a full-time marketing coordinator. Bring the experience of the Augusta Free Press team to work for you – for a fraction of the cost.

Graphic Design

Augusta Free Press will help you take your vision to the next level. From branding and logos to print materials, our team will work with you to develop products to showcase your business. From brochures and rack cards to full-color magazines or print/digital ads, we’ve got you covered.

Event Planning/Fundraising

Augusta Free Press will help you plan the best event for your organization. From an open house or anniversary to a 5K or Pay Per View, we can handle it all. Looking for training for your sales staff? We can help energize your employees or board. Need ideas to raise more money? Let us help you plan a successful event. Want to hold a news conference or need help with a press release? We can do that too.

Click here for more.