INCOMNET BRANCH IN BIG PHONE CONTRACT : $1 BILLION HOOKUP SETS INDUSTRY RECORD.Byline: Dawn Yoshitake Daily News Staff Writer National Telephone Communications, a subsidiary of Woodland Hills-based Incomnet Inc., awarded a $1 billion multiyear contract to WilTel, which will provide NTC NTC Notice NTC National Training Center NTC National Telecommunications Commission NTC National Transport Commission (Australia) NTC Negative Temperature Coefficient NTC Naval Training Center with fiber optic long distance telephone service for resale resale n. selling again, particularly at retail. In many states a "resale license" or "resale number" is required so that the state can monitor the collection of sales tax on retail sales. RESALE. , the companies announced Tuesday Tuesday: see week. . The agreement marks the nation's largest resellers contract, said Gil Broyles, a spokesman for Oklahoma-based WilTel, a unit of WorldCom The former name of MCI. Based in Jackson, MS, WorldCom, Inc. was a major, international telecommunications carrier. It was founded in 1983 by Bernard Ebbers as Long Distance Discount Service (LDDS), a reseller of AT&T WATS lines to small businesses. Inc. NTC - an Irvine-based company that sells long distance telephone service through an independent sales force - saw an increase in business and expanded an earlier contract with WilTel signed in the fall, Broyles said. ``NTC's tremendous growth echoes consumers' call for quality services at a lower price,'' said Ed Jacobs, NTC chief executive, in a statement. ``Working with Wiltel provides NTC the foundation to give consumers the best possible combination of service and cost.'' The contract reflects a further expansion of Incomnet's revenues, but it's it's 1. Contraction of it is. 2. Contraction of it has. See Usage Note at its. it's it is or it has it's be ~have yet to be seen if it will help its lagging Lagging Strategy used by a firm to stall payments, normally in response to exchange rate projections. profits. Officials from NTC and Incomnet did not return phone calls. Incomnet posted a 29 percent increase in first-quarter revenues to $24.4 million, compared with the year before. But net profits plummeted 72 percent to $417,574. Meanwhile, its largest subsidiary, NTC, reported a 24 percent increase in revenues to $22.9 million over the year before. And net earnings declined nearly 19 percent to $1.3 million, compared with the same time a year ago. Incomnet's year-end performance saw revenues nearly double to $86.6 million, compared with a year ago. Profits, however, dropped 66 percent to $1.37 million, over the previous year. Incomnet closed at $6-1/4 a share Tuesday, up -3/4. |
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