Fitch: Strong Start for U.S. ILEC Industry in 2005.CHICAGO -- Consolidated revenues for the incumbent U.S. local exchange carrier (ILEC (Incumbent Local Exchange Carrier) A traditional local telephone company such as one of the Regional Bell companies (RBOCs). Contrast with CLEC. See ELEC and TELRIC. ) industry continued to improve, with first-quarter 2005 revenues increasing sequentially 1.7% according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Fitch Ratings Fitch Ratings An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. . Sequentially, first-quarter 2005 data revenues increased by only 0.1%, but fourth-quarter 2004 data revenues contained the seasonal element of customer premise equipment (CPE (Customer Premises Equipment) Communications equipment that resides on the customer's premises. CPE - Customer Premises Equipment ) sales. Digital subscriber line See DSL. (communications, protocol) Digital Subscriber Line - (DSL, or Digital Subscriber Loop, xDSL - see below) A family of digital telecommunications protocols designed to allow high speed data communication over the existing copper telephone lines between end-users and (DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary ) growth continues to be strong with lines increasing sequentially 10.8% in first-quarter 2005 to approximately 14.5 million lines. This line total represents a year-over-year increase of 4.6 million lines. DSL penetration from a total switched line base was 9.2% compared with 6% for the year earlier period. Wireless remains a key element to the ILEC industry, with first-quarter 2005 sequential revenue growth of 6.2%, reflecting steady growth from operators and continuing improvements from Cingular Wireless. Wireless revenues as a percentage of total revenues for the industry increased to 38.4% during first-quarter 2005. 'In general, ILEC first-quarter 2005 results were very good, with growth remaining strong in wireless, DSL, and long distance services and more moderate switched access line erosion compared to earlier 2004 periods,' said Michael Weaver, Managing Director, Fitch Telecom and Cable Team. Additional trend discussion, aggregate data points, and individual operator comparisons can be found in the report. The Fitch Ratings' 'Quarterly ILEC Aggregates and Comparative Statistics' provides numerous operational and financial measures for the industry, representing approximately 95% of the total industry access lines. This information is shown in a historical format for easy trend comparisons. The full report can be found at 'www.fitchratings.com'. The report can be quickly located by clicking on 'Corporates' under the 'Corporate Finance' header (1) In a disk or tape file, a set of data that resides permanently at the beginning. It may be used for identification only (type of file, date of last update, etc.), or it may describe the structural layout of the contents, as is common with many document and database formats. and then clicking on 'Special Reports' once on the 'Corporates' home page. |
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