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Lumos Networks sees 16% rise in wholesale, data service revenues in Q1 2012

Lumos Networks (Nasdaq: LMOS) reported its first-quarter 2012 revenue rose slightly to $51.4 million, up from $51.1 million in Q4 2011, but down year-over-year, from $52.6 million, as competitive wholesale and data products offset declines in legacy voice revenues. Data and wholesale product revenue in the ILEC's competitive segment rose 16 percent over Q1 2011, a trend it said helped them to slightly exceed the high ends of its Q1 revenue and adjusted EBITDA forecasts.
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