TELECOM Digest OnLine - Sorted: UbiquiTel Reports Third Quarter 2005 Results

UbiquiTel Reports Third Quarter 2005 Results

Monty Solomon (monty@roscom.com)
Tue, 25 Oct 2005 22:30:20 -0400

UbiquiTel Reports Third Quarter 2005 Results
- Oct 25, 2005 04:00 PM (PR Newswire)

CONSHOHOCKEN, Pa., Oct. 25 /PRNewswire-FirstCall/ -- UbiquiTel Inc.
(Nasdaq: UPCS), a PCS Affiliate of Sprint Nextel Corporation (NYSE:S),
today reported financial and operating results for the quarter ended
September 30, 2005.

Highlights for the 3rd Quarter 2005:

-- Net income for the third quarter 2005 was $6.2 million, or $0.06 per
diluted share, compared to $1.5 million, or $0.02 per diluted share,
in the third quarter 2004. In the third quarter 2005, the company
incurred $1.7 million of expense associated with litigation against
Sprint Nextel and $0.8 million for restructuring charges relating to
its sales organization. Excluding these charges, net income was $8.7
million, or $0.09 per diluted share.

-- Adjusted EBITDA in the third quarter 2005 grew 29% to approximately
$29.9 million from the same period a year ago. Excluding the above
charges, Adjusted EBITDA in the third quarter 2005 grew 40% to
approximately $32.4 million from the same period a year ago.

-- Service revenues in the third quarter 2005 grew 11% to approximately
$105.0 million from the same period a year ago.

-- Net subscriber additions for the quarter were approximately 10,700,
bringing total subscribers, excluding resellers, to approximately
434,300. Churn was 2.6% in the third quarter 2005 compared to 2.9% in
the third quarter 2004.

- http://finance.lycos.com/home/news/story.asp?story=52592729

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