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OIBITDA |
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steady state OIBITDA that is significantly less than Idearc's current trading multiple, after integration and reflecting the benefit of the tax basis step-up in the acquired assets. After giving effect to the accounting change, Idearc reported OIBITDA of $364 million for the second quarter of 2007. On an adjusted pro forma basis, excluding a one-time cost of $25 million, OIBITDA for the first quarter was $381 million, a decline of 4. |
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