- Associated Press - Wednesday, August 5, 2015

HONOLULU (AP) - Hawaiian Telecom Holdco, Inc. announced that second quarter profits dropped 77 percent.

The Honolulu Star-Advertiser reports (https://bit.ly/1hj0w9i ) that the state’s largest phone company announced Tuesday that income for the second quarter was $500,000, down from $2.2 million in the second quarter of 2014.

Hawaiian Telecom officials say the decrease in profit is because of significant investments in the company’s broadband network.

The company saw a 9.6 percent drop in land-line business from a year earlier, but is seeing growth in video and high-speed Internet revenue. Consumer revenue increased 4.2 percent year-over-year to $37.9 million


Information from: Honolulu Star-Advertiser, https://www.staradvertiser.com

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide