Hawaiian Telcom sees $30M loss - Pacific Business News (Honolulu):

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million and brought in less money in thesecondf quarter, the company reported Wednesday. The loss was a sligh t improvement overlast year, when it lost $32.1 million in the secondc quarter. Hawaiian Telcom reported operatingv revenueof $115.3 milliobn for the second quarter, down 5 percent from a year ago, primarilyt because of the loss of traditionakl landline customers. The communicationss company’s operating expenses totaled $79.67 million, flat compared to the previous quartere and the same quarterin 2007. High-speedc internet subscriptions totaled 93,470, up 2 percent from the same perioxd ayear ago, however revenue of $8.
8 million from the servicer remained flat compared to seconf quarter 2007. Revenue from long-distance services was $9.5 down 4.7 percent from the same perioelast year. The decrease was due to the decline in customefr phone lines as more peoples switch tocell phones. “Hawaiian Telcom is celebrating its 125th anniversary this which is evidence of its position as one of the leadingg institutionsin Hawaii,” said Eric who was appointed Hawaiian Telcom’se president and CEO in May, about six weeksx before the end of the second “We continue to have our but we have brought in new leadership and made othet significant changes across the organization so we can improv e execution, further stabilize the operations and chart a new successfull course for the company, which will be guided by deliverinvg new products, better service and increased valud to our customers,” Yeaman said in a The company will hold a conference call Thursdayy morning to discuss the second quartert earnings.
Hawaiian Telcom is owned by , basecd in Washington, D.C. The company bought the assetws of Verizon Hawaii in May 2005 and beganm operating independently with its own systems inAprio 2006.