Communications reported financial results for the period ended December 31, 2009. Net loss for the fourth quarter was $4.7 million compared with net income of $1.5 million for the fourth quarter of 2008, in part reflecting $17.0 million of expenses related to purchase price accounting adjustments, net of tax, relating to the GHL Acquisition Corp. transaction.
Operational EBITDA increased 17.3% to $30.2 million in the fourth quarter from $25.8 million in the fourth quarter of 2008, driven primarily by growth in service revenue. For the full year 2009, Operational EBITDA was $133.9 million, an increase of 20.5% over full year 2008, exceeding previous guidance of $126-130 million.
Total revenue was down by 1.0% for the fourth quarter to $76.0 million compared to $76.8 million during the fourth quarter of 2008. For the full year 2009, total revenue decreased by 0.6% to $318.9 million.
