Free Historical Stock Data on Citizens Comm Co
Stock Symbol: CZN
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Business Description
Citizens Communications Co. is a telecommunications-focused company providing wireline communications services to rural areas and small and medium-sized towns and cities, including the Rochester, New York, metropolitan area, as an incumbent local exchange carrier. In addition, the Company provides competitive local exchange carrier services to business customers and to other communications carriers in certain metropolitan areas in the western United States through Electric Lightwave, Inc. its 85%-owned subsidiary. The Company also provides public utility services including natural gas transmission and distribution and electric transmission and distribution services to primarily rural and suburban customers in Vermont, Hawaii and Arizona.
Financial Information
CZN provides communications services primarily to rural and suburban customers in the U.S., competitive local exchange carrier srvcs. to retail business and other communic. carriers. For the six months ended 6/30/02, revenues rose 19% to $1.34 billion. Net loss applicable to Common, from continuing operations and before acct. change totalled $86.4 million vs. an income of $2 million. Results reflect the impact of the Frontier acquisition, offset by a $17.8 million reserve for WorldCom's bankruptcy.
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