TalkAmerica.com offers internet services for both home and business
Title
Talk America
Description
NEW HOPE, PA May 9, 2006 – Talk America (NASDAQ: TALK) a leading provider of integrated voice and data communications services today announced first quarter results for 2006. Local voice and data equivalent lines on our network were up sixteenfold from a year ago and 36% compared to the end of the fourth quarter of 2005. The increase was driven by the expansion of our on-net commercial business, which grew from 120,000 total local voice and data equivalent lines at the end of the fourth quarter 2005 to 255,000 lines at the end of the first quarter 2006, an increase of over 125%. The growth in on-net commercial customers was driven by the closing of the Network Telephone Corporation acquisition and growth in commercial sales to record levels.
(Note: See the schedules accompanying this news release and www.talkamerica.com for reconciliation to generally accepted accounting principles (GAAP) for the non-GAAP financial measures mentioned in this announcement and to download a copy of the presentation to be reviewed on today's conference call.)
With our network investment largely completed, we are focused on sales and provisioning new customers on our platform. We have a total of 315 end offices that serve commercial customers with voice and data service on dedicated T-1 circuits. We also address over 1 million business lines and 1.2 million consumers with ADSL2+ technology, which is capable of delivering over 15 Mbps download speeds over traditional telephone lines. We now deliver a robust product portfolio of integrated voice and data services to commercial customers and residential consumers in our expanded networked markets. The reductions in capital expenditures will contribute to the growth in free cash flow for the remainder of 2006 and future years.
Contact
- TalkAmerica
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- Southfield MI
- United States 48034
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- (248)4404404
