Chariton Valley Telephone Corporation members, your company continues to be a leader in the industry with our focus on serving customers in rural Missouri. Our vision to be the premier provider in enhancing rural communities is exactly what we are doing. You have seen this in our continued focus in delivering fiber to every member and our expansion into other markets.
At the conclusion of 2018 we brought fiber to 1370 additional members. Our efforts to expand our fiber network ensures our rural communities have the necessary infrastructure to compete in the global economy.
In addition to replacing our copper facilities, we are also growing our customer base. In 2018 we added 463 new customers to our fiber network. Your Board of Directors and the employees of Chariton Valley are ensuring the dollars invested in expanding our footprint creates the necessary return on investment that will help us grow and provide the necessary revenues to replace the copper facilities.
Reviewing our financial report, you will see we have posted a positive net income for the year ending December 31, 2018. The decrease year-over-year in our net income is the result of the competitive pressure we see in the wireless arena. On the wireline side, we continue to grow our revenues and manage our expense as we continue to expand and diversify.
I look forward to sharing the company’s results at our upcoming Annual Business Meeting on October 3rd. The meeting will be live streamed on Facebook and as last year we will have online voting. Please exercise your member right and vote utilizing our new online format that will open two-weeks prior to the meeting. Every member who votes will be automatically entered in a drawing to win $100. Good luck!
Keeping You Connected
Kirby J. Underberg
CEO / General Manager