[Satellite Today 08-01-08] Primus Telecommunications announced its results for the quarter and six months ended June 30, 2008. The company reported $236 million in net revenue, up $10 Million or 5 percent from the prior quarter, $15 million in income from operations, up $5 million from the prior quarter and $64 million of debt principal reduction
    Primus also reported $44 million of net income for the quarter, compared to a net loss of $3 million in the prior quarter and net income of $12 million in the second quarter 2007. As a result, Primus reported basic and diluted net income per common share of $0.31 and $0.24, respectively, in the second quarter 2008, as compared to basic and diluted net loss per common share of ($0.02) in the prior quarter and basic and diluted net income per common share of $0.10 and $0.07, respectively, in the year-ago quarter.
    The company also announced that a Canadian affiliate, of which the Company currently owns slightly less than 50 percent of the equity, sold certain primarily rural WiMax spectrum assets (representing approximately 10 percent of its spectrum population coverage) for cash consideration of $5 million.