- Metro E and IP-based services were expanded into six new market areas in third quarter 2011, facilitated by the systems integration of acquired markets. For the year, these services have been expanded into 29 new markets in West Virginia, Pennsylvania and Maryland.
- Consolidated adjusted EBITDA (a non-GAAP measure) for third quarter 2011 was $24.6 million.
- Enterprise data revenues were up 9% (pro forma for acquisition), over third quarter 2010; on-net buildings increased by 46 during the quarter, totaling 949 at September 30, 2011.
- Wholesale data revenues were up 16% (pro forma for acquisition), over third quarter 2010, and up 5% over the previous quarter. Construction was completed to 23 new cell sites during the quarter bringing the total to 132, with an additional 82 sites ordered.
Lumos Networks Corp. (“Lumos Networks,” Nasdaq: LMOS), a fiber-based service provider of voice, data and IP-based telecommunication services in the Mid-Atlantic region, today announced operating results for its third quarter of 2011. Lumos Networks was separated from NTELOS Holdings Corp. (“NTELOS”) through a spin-off effective after the close of business on October 31, 2011. “We are delighted to become an independent publicly traded company,” said James A. Hyde, chief executive officer of Lumos Networks. “It is a truly exciting time for our business. Opportunities in newly acquired markets, the recent expansion of our fiber network and continued growth in demand for high-speed data services combine with the separation to position us well for the future.” Highlights for third quarter 2011 include: