ITC 2Q06

ITC^DeltaCom surprised everyone with a decline in revenue in the second quarter from $134.1 million to 123.8 million. Apparently the mergers of BTI and ITC without FDN and Network Telephone just wasn't enough synergy. "Losses at DeltaCom grew from $6.4 million a year ago to $11.7 million. ...For the six months ending June 30, 2006, total operating revenue fell to $243.7 million, a 10.2 % decline compared to the same period last year."