OVERLAND PARK, Kan., May 6 /PRNewswire-FirstCall/ -- EMBARQ (NYSE: EQ) today announced first quarter 2009 results, which for the second quarter in a row were highlighted by record cash flow before dividends. The company reported total revenue of $1.35 billion, operating income of $410 million, diluted earnings per share of $1.21 and cash flow before dividends of $339 million.

"Our primary objectives as we entered 2009 were to maintain the momentum that enabled us to post record cash flow in 2008 and to continue to make progress on our merger with CenturyTel," said  Tom Gerke , EMBARQ Chief Executive Officer. "In both respects, I think the EMBARQ team clearly demonstrated their continued commitment by delivering another successful quarter."

    First Quarter Highlights
    --  First quarter cash flow before dividends was a record $339 million, an
        increase of 18.1% over the prior year period.
    --  The company reported record first quarter diluted earnings per share
        from continuing operations of $1.39.
    --  Consumer line loss was approximately flat compared to the year-ago
        period for the first time since the fourth quarter of 2007.
    --  First quarter high-speed Internet subscriber additions were 40,000, a
        67% increase over each of the last three quarters of 2008.
    --  The company doubled the subscriber base of its RescueIT(SM) computer
        support service, ending the quarter with approximately 36,000
        subscribers.
    --  EMBARQ Business introduced packages that bundle high-speed Internet
        service with value-added IT services, such as desktop security, remote
        storage and the company's RescueIT computer support service.
    --  The company completed the previously announced sale of its
        distribution and supply chain subsidiary, Embarq Logistics, Inc., to
        KGP Telecommunications, Inc.

    --  The company made progress toward the closing of its merger with
        CenturyTel and is now waiting for clearance from the FCC and 5 of the
        33 states in which the combined company will conduct business.

Financial Results

EMBARQ reported net operating revenues of $1.35 billion for the first quarter, a 7.6% decrease from the prior-year period. Although high-speed Internet and data revenues increased 7.5% and 2.5%, respectively, this growth was more than offset by a 10.5% year-over-year decline in voice revenue.

The decline in revenue was partially offset by increased operating efficiency. Driven by improvement in all expense categories, total operating expenses improved 8.2% year-over-year. As a result, operating income declined just 6% from the record level in the year-ago period to $410 million. Meanwhile, operating margin increased from 29.9% a year ago to 30.5% in the first quarter of 2009.

Earnings per share were negatively impacted by a $26 million non-recurring loss primarily related to the first quarter sale of EMBARQ Logistics.

Diluted earnings per share from continuing operations were a record $1.39, up from $1.38 in the year-ago period. Including discontinued operations, diluted earnings per share were $1.21 compared to $1.37 in the prior-year period.

Capital Expenditures and Cash Flow

Cash flow before dividends totaled $339 million in the first quarter, an increase of 18.1% from $287 million in the year-ago quarter and the highest level EMBARQ has reported since becoming public in May 2006. The company's strong cash flow results were driven by improved operating efficiency and reduced capital requirements.

Capital spending continues to experience cyclical favorability as network expansion requirements decline with the decrease in new residential construction. As a result, net capital expenditures were $105 million in the quarter, compared to $177 million in the year ago period.

During the first quarter, EMBARQ paid a dividend of $0.6875 per share. The company reduced its net debt by $443 million, ending the period with net debt of $5.195 billion.

Subscriber Results

EMBARQ reported a decline of 144,000 access lines in the first quarter, compared to a decline of 120,000 lines in the year ago period. The 24,000 increase in line loss over the prior-year period was primarily driven by the impact of general economic conditions on business customers. In contrast, consumer line loss was approximately flat compared to the year-ago period for the first time since the fourth quarter of 2007. The company ended the quarter with 5.55 million access lines in total.

During the quarter the company added 40,000 high-speed Internet subscribers, a 67% improvement over each of the last three quarters, ending the period with 1.45 million subscribers. Video net additions totaled 13,000 in the period as the company increased the number of its customers subscribing to video services to 310,000, up 43% in the last year.

Outlook

In light of its pending merger with CenturyTel, the company did not update the outlook it provided on Feb. 12, 2009. However, the company did have the following comments regarding the second quarter:

    --  The rate of revenue decline is expected to be similar to or slightly
        better than the first quarter.
    --  Capital spending is expected to increase sequentially but remain below
        the prior year level.

    --  Cash flow before dividends is expected to be above the prior year
        level.

Second Quarter Dividend

The EMBARQ board of directors has declared a dividend on the company's common stock of $0.6875 per share payable June 30, 2009 to shareholders of record at the close of business on June 16, 2009, provided that payment of the dividend is contingent upon, and shall be made only if, the company's merger with CenturyTel has not become effective on or prior to June 16, 2009.

Conference Call

Today EMBARQ will hold a conference call beginning at 4:30 p.m. EDT. Dial-in numbers for the conference call are (866) 245-2310 (U.S. and Canada) and (816) 650-2838 (International). The code required to access the call is 92372147. Please plan to dial-in at least five minutes before the scheduled start time. A simultaneous audio webcast of the call and a downloadable presentation will be available at www.embarq.com/investors.

For those unable to participate live, a replay of the call will be available until May 16, 2009 by dialing (800) 642-1687 (U.S. and Canada) or (706) 645-9291 (International) as well as at www.embarq.com/investors. The accompanying presentation will also be archived and available for download at this website.

Cautionary Statement

This news release contains "forward-looking statements" within the meaning of the securities laws, including statements relating to EMBARQ's outlook or expectations for earnings, revenues, expenses, depreciation and amortization, asset quality, access line declines, cash flow measures, customer growth, wireless dilution, or other future financial or business performance, strategies or expectations. The words "estimate," "plan," "project," "forecast," "expect," "intend," "anticipate," "believe," "seek," "target," "guidance," "outlook" and similar expressions are intended to identify forward looking statements. These statements reflect management's judgment based on currently available information and involve a number of risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. With respect to these forward-looking statements, management has made assumptions regarding, among other things, customer and network usage, customer retention, pricing, operating costs, technology, and the economic and regulatory environment.

Future performance cannot be ensured. Actual results may differ materially from those in the forward looking statements. Some factors that could cause actual results to differ include but are not limited to: failure to obtain, delays in obtaining or adverse conditions contained in any regulatory approvals required for the Embarq-CenturyTel merger; failure to consummate or delay in consummating the merger for other reasons; the effects of vigorous competition in the markets in which we operate, including access line loss to cable operators and wireless providers; the impact of new, emerging and competing technologies on our business; the effect of changes in the legal and regulatory environment and the impact of compliance with regulatory mandates, including pending and future federal and state access and USF proceedings; potential fluctuations in our financial performance, including revenues, capital expenditures and operating expenses; the impact of any adverse change in the ratings assigned to our debt by ratings agencies on the cost of financing or the ability to raise additional financing if needed; the effects of mergers, consolidations or other unexpected developments in the industries relevant to our operations; the failure to realize expected improvement in operating efficiencies; the costs and business risks with the development of new products and services; the uncertainties related to our investments in networks, systems and other businesses; the uncertainties related to the implementation of our business strategies; the inability of third parties to perform to our requirements under agreements related to our business operations; our ownership of or ability to license technology that may be necessary to expand our business offerings; restrictions in our patent agreement with Sprint Nextel; unexpected adverse results of legal proceedings involving our company; the impact of equipment failure or other breaches of network or information technology security; potential work stoppages; a determination by the IRS that the spin-off from Sprint Nextel should be treated as a taxable transaction; volatility and other market conditions in the equity and credit markets, including impacts on the stability of banks and other financial institutions; the effects of changes in both general and local economic conditions on the markets we serve, which can impact demand for our products and services; customer purchasing decisions; collectability of revenue; required levels of capital expenditures related to new construction of residences and businesses; the possible impact of adverse changes in political or other external factors over which we have no control, including hurricanes and other severe weather; and other risks referenced in our Annual Report on Form 10-K, including in Part I, Item 1A, "Risk Factors", and from time to time in other filings of ours with the SEC.

Forward-looking statements speak only as of the date they were made, and EMBARQ undertakes no obligation to update or revise any forward-looking statements in light of new information or future events. You should not place undue reliance on any forward-looking statements, which speak only as of the date of this release. EMBARQ is not obligated to publicly update or release any revisions to these forward-looking statements to reflect any events or circumstances after the date of this news release.

    Selected Financial Data (Unaudited) - Current Period Results Compared to
    Prior Year

    Consolidated                              1Q-09   1Q-08    Fav/(Unfav)
    ------------                              -----   -----    -----------
    Net Operating Revenues
          Voice                                $916  $1,024   ($108) -10.5%
          Data                                  203     198       5    2.5%
          High-speed Internet                   143     133      10    7.5%
          Wireless                                9      16      (7) -43.8%
          Other services                         55      62      (7) -11.3%
                                                ---     ---     ---
        Service revenues                      1,326   1,433    (107)  -7.5%
        Product revenues                         20      23      (3) -13.0%
                                                ---     ---     ---
      Total Net Operating Revenues            1,346   1,456    (110)  -7.6%

      Operating Expenses
        Cost of services                        343     389      46   11.8%
        Cost of products                         20      33      13   39.4%
        Selling, general and administrative     329     348      19    5.5%
        Depreciation                            244     250       6    2.4%
                                                ---     ---     ---
      Total Operating Expenses                  936   1,020      84    8.2%
                                                ---   -----     ---

      Operating Income                         $410    $436    ($26)  -6.0%
      Interest expense                          (96)   (104)     (8)   7.7%
      Other income, net                           1       1       -    n/a
                                                ---     ---     ---
      Income Before Taxes                      $315    $333    ($18)  -5.4%
      Income tax expense                       (115)   (119)      4    3.4%
                                               ----    ----     ---
      Income from continuing operations        $200    $214    ($14)  -6.5%
      Loss from discontinued operations,
       net of taxes                             (26)     (2)    (24)   n/a
                                                ---     ---     ---
      Net Income                               $174    $212    $(38) -17.9%
                                               ====    ====    ====


      Diluted Earnings Per Share
        Continuing operations                 $1.39   $1.38   $0.01    0.7%
        Discontinued operations              ($0.18) ($0.01) ($0.17)   n/a
                                             ------  ------  ------
      Total Diluted Earnings Per Share        $1.21   $1.37  ($0.16) -11.7%
                                              =====   =====  ======

    Selected Financial Data (Unaudited) - Current Period Results Compared
    to Prior Quarter

    Consolidated                             1Q-09   4Q-08    Fav/(Unfav)
    ------------                             -----   -----    -----------
    Net Operating Revenues
        Voice                                $916    $937    ($21)  -2.2%
        Data                                  203     202       1    0.5%
        High-speed Internet                   143     141       2    1.4%
        Wireless                                9      12      (3) -25.0%
        Other services                         55      60      (5)  -8.3%
                                              ---     ---     ---
      Service revenues                      1,326   1,352     (26)  -1.9%
      Product revenues                         20      34     (14) -41.2%
                                              ---     ---     ---
    Total Net Operating Revenues            1,346   1,386     (40)  -2.9%

    Operating Expenses
      Cost of services                        343     341      (2)  -0.6%
      Cost of products                         20      27       7   25.9%
      Selling, general and administrative     329     341      12    3.5%
      Depreciation                            244     253       9    3.6%
                                              ---     ---     ---
    Total Operating Expenses                  936     962      26    2.7%
                                              ---     ---     ---

    Operating Income                         $410    $424    ($14)  -3.3%
    Interest expense                          (96)    (99)     (3)   3.0%
    Other income, net                           1       -       1    n/a
                                              ---     ---     ---
    Income Before Taxes                      $315    $325    ($10)  -3.1%
    Income tax expense                       (115)   (129)     14   10.9%
                                             ----    ----     ---
    Income from continuing operations        $200    $196      $4    2.0%
    Loss from discontinued operations,
     net of taxes                             (26)     (5)    (21)   n/a
                                              ---     ---     ---
    Net Income                               $174    $191    ($17)  -8.9%
                                             ====    ====    ====


    Diluted Earnings Per Share
      Continuing operations                 $1.39   $1.36   $0.03    2.2%
      Discontinued operations              ($0.18) ($0.03) ($0.15)   n/a
                                           ------  ------  ------
    Total Diluted Earnings Per Share        $1.21   $1.33  ($0.12)  -9.0%
                                            =====   =====  ======

Non-GAAP Definitions & Reconciliations

The following non-GAAP (generally accepted accounting principles) measures should be used in addition to, but not as a substitute for, the information provided in EMBARQ's consolidated financial statements.

Net Debt

Net debt is consolidated debt, including current maturities, less cash and equivalents. EMBARQ believes that net debt provides useful information about its capital structure.

    Reconciliation - Net Debt       1Q09      4Q08      1Q08
                                    ----      ----      ----

    Current maturities                $2        $2       $99
    Long-term debt                 5,288     5,743     5,575
    Less: Cash and equivalents       (95)     (107)      (52)
                                     ---      ----       ---
    Net Debt                      $5,195    $5,638    $5,622

Net Capital Expenditures

Net capital expenditures are capital expenditures less proceeds from construction reimbursements. EMBARQ believes that net capital expenditures provides useful information about the capital requirements of its operations.


    Reconciliation - Net Capital Expenditures    1Q09    4Q08    1Q08
                                                 ----    ----    ----

    Capital expenditures                          108     154     179
    Less: Proceeds from construction
     reimbursements                                (3)     (5)     (2)
                                                  ---     ---     ---
    Net Capital Expenditures                     $105    $149    $177
                                                 ----    ----    ----

Cash Flow Before Dividends

Cash flow before dividends is net cash provided by operating activities, excluding the effects of changes in assets and liabilities and other non-cash items, less net capital expenditures. EMBARQ believes that cash flow before dividends provides useful information about its capacity to return value to shareholders and reduce debt.

    Reconciliation of Non-GAAP measure - Cash Flow
     before Dividends                                    1Q09  4Q08  1Q08
                                                         ----  ----  ----

    Net cash provided by operating activities            $634  $375  $593
    Changes in assets and liabilities, net of other
     non-cash items                                      (216)   69  (131)
                                                         ----   ---  ----
    Net Income excluding depreciation                     418   444   462
    Add: Loss from discontinued operations, net            26     5     2
    Less: Net Capital expenditures                       (105) (149) (177)
                                                         ----  ----  ----
    Cash Flow before Dividends                           $339  $300  $287
                                                         ----  ----  ----

Because Embarq cannot accurately predict the level of cash flow from operating activities and proceeds from construction reimbursements, Embarq does not provide reconciliations to GAAP of its forward looking measures of cash flow before dividends and net capital expenditures.

Other Financial Measures

Average Revenue per Household is calculated by dividing consumer revenues by average primary consumer access lines. While this measure is not defined under accounting principles generally accepted in the United States, the measure uses a GAAP measure as the basis for the calculation. EMBARQ believes Average Revenue per Household provides useful information concerning the success of its bundling initiatives and performance in attracting and retaining high value customers.

HSI Average Revenue per Subscriber is calculated by dividing high-speed Internet revenues by average high-speed Internet subscribers. While this measure is not defined under accounting principles generally accepted in theUnited States, the measure uses a GAAP measure as the basis for the calculation. EMBARQ believes HSI Average Revenue per Subscriber provides useful information concerning the appeal of its high-speed Internet pricing plans and performance in attracting and retaining high value customers.

Adoption of New Accounting Pronouncements

First quarter 2009 results include the effects of FSP EITF 03-6-1, which concluded that unvested share-based payment awards that contain a nonforfeitable right to receive dividends, whether paid or unpaid, are participating securities and should be included in the computation of basic earnings per share. As required by this statement, prior period earnings per share and weighted average common shares outstanding were adjusted to conform to the provisions of this standard.

The impact to basic and diluted earnings per share and weighted average common shares outstanding was as follows:

    Total Earnings per Common Share     Year to Date Period Ended March 31,
                                                         2008
                                         -----------------------------------
                                                     Previously
                                        As Adjusted   Reported   Difference
                                        -----------  ----------  ----------
    Total Earnings per Common Share
    Basic                                  $1.38        $1.39      ($0.01)
    Diluted                                 1.37         1.38       -0.01

    Weighted Average Common Shares
     Outstanding
    Basic (millions)                       153.8        152.7         1.1
    Diluted (millions)                     154.3        154.1         0.2

About EMBARQ

Embarq Corporation (NYSE: EQ), headquartered in Overland Park, Kansas, offers a complete suite of communications services. EMBARQ has operations in 18 states and is in the Fortune 500(R) list of America's largest corporations.

For consumers, EMBARQ offers an innovative portfolio of services that includes reliable local and long distance home phone service, high-speed Internet, wireless, and satellite TV from DISH Network(R) -- all on one monthly bill.

For businesses, EMBARQ has a comprehensive range of flexible and integrated services designed to help businesses of all sizes be more productive and communicate with their customers. This service portfolio includes local voice and data services, long distance, Business Class High Speed Internet, wireless, satellite TV from DIRECTV(R), enhanced data network services, voice and data communication equipment and managed network services.

    For more information, visit embarq.com.





                            Embarq Corporation
                   Consolidated Statements of Operations
                 ($ in millions, except per share amounts)
                                (unaudited)

                                                        Quarter Ended
                                                          March 31,
                                                        -------------
                                                         2009    2008
                                                         ----    ----

    Net Operating Revenues
      Service revenues                                 $1,326  $1,433
      Product revenues                                     20      23
                                                          ---     ---
    Total net operating revenue                         1,346   1,456

    Operating Expenses
      Cost of services                                    343     389
      Cost of products                                     20      33
      Selling, general and administrative                 329     348
      Depreciation                                        244     250
                                                          ---     ---
    Total Operating Expenses                              936   1,020
                                                          ---   -----

    Operating Income                                      410     436
    Interest expense                                      (96)   (104)
    Other income, net                                       1       1
                                                          ---     ---
    Income from Continuing Operations before Taxes        315     333
    Income tax expense                                   (115)   (119)
                                                         ----    ----
    Income from Continuing Operations                     200     214
    Loss from Discontinued Operations, net of taxes       (26)     (2)
                                                          ---     ---
    Net Income                                           $174    $212
                                                         ====    ====


    Basic Earnings Per Share
      Continuing operations                             $1.40   $1.39
      Discontinued operations                           (0.18)  (0.01)
                                                        -----   -----
    Total Basic Earnings Per Share                      $1.22   $1.38
                                                        =====   =====

    Basic weighted average shares                       143.2   153.8

    Diluted Earnings Per Share
      Continuing operations                             $1.39   $1.38
      Discontinued operations                           (0.18)  (0.01)
                                                        -----   -----
    Total Diluted Earnings Per Share                    $1.21   $1.37
                                                        =====   =====

    Diluted weighted average shares                     143.5   154.3



                                Embarq Corporation
                       Condensed Consolidated Balance Sheets
                                  ($ in millions)
                                    (unaudited)

                                                        March 31, December 31,
                                                          2009        2008
                                                          ----        ----


    Assets
      Cash and equivalents                                  $95        $107
      Accounts receivable, net                              444         494
      Materials and supplies                                 51          52
      Prepaid expenses and other current assets             142         170
      Current assets of discontinued operations               -          67
                                                            ---         ---
          Total current assets                              732         890

      Net property, plant and equipment                   7,251       7,399
      Other noncurrent assets                                68          70
      Noncurrent assets of discontinued operations            -          12
                                                            ---         ---
          Total noncurrent assets                         7,319       7,481

                                                         ------      ------
      Total assets                                       $8,051      $8,371
                                                         ======      ======

    Liabilities and stockholders' equity
      Current maturities of long-term debt                   $2          $2
      Accounts payable                                      245         279
      Payroll and employee benefits                         196         219
      Accrued operating taxes                                86          78
      Deferred revenue                                      175         184
      Accrued interest                                      139          58
      Other current liabilities                              52          42
      Current liabilities of discontinued operations          -          34
                                                            ---         ---
          Total current liabilities                         895         896

      Long-term debt                                      5,288       5,743
      Benefit plan obligations                            1,332       1,341
      Deferred income taxes                                 872         793
      Other noncurrent liabilities                          191         206
                                                            ---         ---
        Total noncurrent liabilities                      7,683       8,083

    Stockholders' equity
      Common stock                                            2           2
      Paid-in capital                                      (193)       (193)
      Retained earnings                                   1,062         986
      Accumulated other comprehensive income (loss)        (898)       (903)
      Treasury stock, at cost                              (500)       (500)
                                                           ----        ----
          Total stockholders' equity                       (527)       (608)

                                                         ------      ------
      Total liabilities and stockholders' equity         $8,051      $8,371
                                                         ======      ======



                               Embarq Corporation
                Condensed Consolidated Statements of Cash Flows
                                ($ in millions)
                                  (unaudited)

                                                             Year Ended
                                                              March 31,
                                                             -----------
                                                            2009     2008
                                                            ----     ----

    Operating Activities
    Net income                                              $174     $212
    Adjustments to reconcile net income to net cash
     provided by operating activities:
      Loss from discontinued operations                       26        2
      Depreciation                                           244      250
      Deferred and noncurrent income taxes                    79      (20)
      Provision for losses on accounts receivable             22       21
      Stock-based compensation expense                         6        9
      Other, net                                              12       11
      Changes in assets and liabilities:
        Accounts receivable                                   28       18
        Materials and supplies and other current assets       (3)     (21)
        Accounts payable and other current liabilities        60      131
        Noncurrent assets and liabilities, net               (14)     (26)
                                                             ---      ---
          Net cash provided by continuing operations         634      587
          Net cash provided by discontinued operations         -        6
                                                             ---      ---
    Net cash provided by operating activities                634      593

    Investing Activities
      Net capital expenditures                              (105)    (177)
      Proceeds from sale of discontinued operations           12        -
      Proceeds from sales of assets                            7        2
                                                             ---      ---
    Net cash used by investing activities                    (86)    (175)
                                                             ---     ----

    Financing Activities
      Changes in debt, net                                  (455)    (205)
      Dividends paid to stockholders                        (100)    (107)
      Repurchase of common stock                               -     (115)
      Proceeds from common stock issued                        1        4
      Other, net                                              (6)     (12)
                                                             ---      ---
    Net cash used by financing activities                   (560)    (435)
                                                            ----     ----

    Change in Cash and Equivalents                           (12)     (17)

    Cash and Equivalents at Beginning of Period              107       69
                                                             ---      ---

    Cash and Equivalents at End of Period                    $95      $52
                                                             ===      ===



                               Embarq Corporation
                              Operating Statistics
           (Revenues in millions; lines and subscribers in thousands)

                    1Q-09 (1)  2008  4Q-08 (1) 3Q-08 (1) 2Q-08 (1) 1Q-08 (1)
                   --------- ------- --------- --------- --------- ---------
    Service and
     Product
     Revenues
        Voice         $916    $3,915      $937      $960      $994    $1,024
        Data           203       801       202       202       199       198
        High-speed
         Internet      143       549       141       138       137       133
        Wireless         9        58        12        13        17        16
        Other           55       246        60        64        60        62
                       ---       ---       ---       ---       ---       ---
      Service
       revenues      1,326     5,569     1,352     1,377     1,407     1,433
      Product
       revenues         20       120        34        31        32        23
                       ---       ---       ---       ---       ---       ---
    Net
     operating
     revenues       $1,346    $5,689    $1,386    $1,408    $1,439    $1,456
                    ======    ======    ======    ======    ======    ======

    Operating
     Unit
     Revenues
        Consumer      $596    $2,518      $602      $619      $641      $656
        Business       362     1,530       381       382       386       381
        Wholesale      388     1,641       403       407       412       419
                       ---     -----       ---       ---       ---       ---
    Net
     operating
     revenues       $1,346    $5,689    $1,386    $1,408    $1,439    $1,456
                    ======    ======    ======    ======    ======    ======

    Access Lines
      Consumer       3,677               3,778     3,894     4,029     4,172
      Business       1,740               1,779     1,815     1,841     1,861
      Wholesale        135                 139       144       152       159
                       ---                 ---       ---       ---       ---
    Total            5,552               5,696     5,853     6,022     6,192
                     =====               =====     =====     =====     =====

    Average Revenue
     per Household
     (HH)
      Consumer
       revenue        $596                $602      $619      $641      $656
      Average
       households    3,503               3,591     3,698     3,821     3,926
                     -----               -----     -----     -----     -----
    Monthly
     revenue
     per average
     HH             $56.71              $55.88    $55.80    $55.92    $55.70
                    ======              ======    ======    ======    ======

    High-speed
     Internet
     Lines
      Consumer       1,240               1,200     1,177     1,155     1,132
      Business         173                 172       172       170       167
      Wholesale         39                  40        39        39        41
                       ---                 ---       ---       ---       ---
    Total            1,452               1,412     1,388     1,364     1,340
                     =====               =====     =====     =====     =====

    HSI Average
     Revenue per
     Subscriber
      High-speed
       Internet
       revenue        $143                $141      $138      $137      $133
      Average HSI
       subscribers   1,432               1,400     1,376     1,352     1,309
                     -----               -----     -----     -----     -----
    Monthly
     revenue per
     average
     subscriber     $33.29              $33.57    $33.43    $33.78    $33.87
                    ======              ======    ======    ======    ======

    Wireless
     Subscribers
      Consumer          56                  71        83        97       101
      Business           6                   7         9        10        11
                       ---                 ---       ---       ---       ---
    Total               62                  78        92       107       112
                       ===                 ===       ===       ===       ===

    Entertainment
     Subscribers       310                 297       284       239       217
                       ===                 ===       ===       ===       ===

    (1) unaudited

 

SOURCE EMBARQ 


 

/Web Site: http://www.embarq.com /