The company reported total operating revenues of $124.71 million for the third quarter of 2008, compared to $124.76 million for the third quarter of 2007. The company ended the third quarter of 2008 with 435,024 voice lines in service, of which 85% were provided on its own network, which represented an increase from 80% provided on its own network at the end of the third quarter of 2007.
For the nine months period ended September 30, 2008, the company has posted a net loss of $16.05 million, or $0.29 per common share, compared to a net loss of $165.38 million, or $7.71 per common share, in the comparable period of 2007.
Randall Curran, CEO of ITC DeltaCom, said: While we anticipate that the economic climate will continue to place some pressure on certain aspects of our business, our adjusted EBITDA and cash flows remain strong and have enabled us to undertake a significant investment in our network that allows the expansion of our on- net service portfolio, creating additional long-term value for our customers.
