DENVER—Qwest Communications International Inc. landed in the black in the second quarter of 2006, up from a net loss in the same period last year.
Qwest said its positive figures were driven in particular by high-speed Internet access sales, growth in its wireless segment and its bundling tactics. Qwest’s Internet revenue was up 40 percent year-over-year, and its wireless revenue was up 8 percent compared with the year-ago quarter due to promotions and bundling, according to the company.
The company said its wireless average revenue per user increased 4 percent, from $50 a year ago to $52. Qwest had 777,000 wireless customers at the end of the second quarter.
Bundling multiple products also continued to be a successful strategy for Qwest, and the company noted that “sales of voice packages plus three and four products continue to experience significant growth.” Qwest reported that its bundle penetration was 54 percent, up from 48 percent a year ago.
The company’s overall revenues were $3.5 billion for the quarter and its net income was $117 million. Its operating expenses dropped 6 percent to $3.1 billion in a quarter-over-quarter comparison.
