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Tax benefit boosts TW Telecom profit

TW Telecom has posted a 5% increase in revenue in 2010 and saw its net income grow tenfold due largely to a one-time tax benefit.

After a US$227 million tax benefit, the Douglas County-based business telecom posted a yearlong profit of US$271 million on revenue of US$1.3 billion, the company reported. That compares to a US$27.6 million profit on US$1.2 billion revenue posted in 2009.

Source: Denver Business Journal

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