Commonwealth Telephone’s Profits Dip
Posted by Edward G. Lanza on 28 Feb 2007 | Tagged as: Telecommunications
Commonwealth Telephone Enterprises Inc. reported a nearly 19 percent drop in revenue for the fourth quarter, attributing it mainly to fees associated with the upcoming $1.16 billion sale to Citizens Communications Co.
The deal announced last September could be completed as early as March 8 if the Pennsylvania Public Utility Commission approves the sale at its upcoming meeting Thursday.