Dont look at EPS - look at the free cash flow of the company. EPS is much lesser than FCF/share, because (a) Capex < depreciation, and (b) company doesn't pay any cash taxes while it books taxes on its income statement.
At $1.2 bn FCF and $5bn market cap, company is trading at 24% FCF yield. To the bear argument that customers are disconnecting landlines etc, I will say - look at AOL and its numbers. It still exists and generates lots of cash flow. These businesses are not going to disappear overnight.