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Article: Focal Communications Corporation Reports Selected Second Quarter 1998 Results
- Article from:
- PR Newswire
- Article date:
- July 31, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO, July 31 /PRNewswire/ -- Focal Communications Corporation (Focal), a competitive local exchange carrier (CLEC), reported today that its total number of access lines sold grew to 30,385 as of June 30, 1998. This represents an increase of 44% from 21,082 sold access lines at the end of the first quarter 1998. Of the total lines sold, 24,357 access lines were installed and in service.
Revenue for the second quarter totaled $8.1 million, a 58% sequential increase over last quarter's revenue of $5.1 million.
Due to timing issues related to Focal's registration statement for the planned exchange offer of its senior discount notes, the company ...