Embarq’s line decline

Telegeography writes…US wireline operator Embarq says it ended 2006 with just over 6.9 million access lines in service, down 6.1% year-on-year, but beating the company’s expectations of a steeper decline. The firm, which was spun off from Sprint Nextel in May 2006, lost 85,000 access lines in the fourth quarter due to competition and product substitution, with a further 5,000 going via an exchange sale. In the fourth quarter of 2005 it lost 89,000 access lines, none of which were due to line sales. Embarq’s chairman and CEO, Dan Hesse, commented: ‘While we would prefer not to lose a single access line, given that we faced more competition in the fourth quarter of 2006 than we did in 2005, to lose fewer access lines than we did a year ago is encouraging.’