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Guyana Telephone and Telegraph Company wireless revenue has decreased by US$700,000 as increased competition led to a 24.4 percent slump in the company’s wireless customer base to 248,James White Patriots Jersey,000 subscribers at the end of the fiscal year.This is according to GT&T’s parent company,Jordy Nelson Packers Jersey, Atlantic Tele-Network,Mohamed Sanu Sr Falcons Jersey, which yesterday stated that the Guyana subsidiary’s revenue increased slightly,Steve Bartkowski Falcons Jersey, due to a 5.3 percent increase of access lines to 139,L.C. Greenwood Steelers Jersey,000.International long distance revenue fell 16.8 percent representing US$11.08M, the parent company stated.This,Mel Blount Steelers Jersey, it stated,Lawrence Timmons Steelers Jersey, was caused by rising illegal bypass activities,Hines Ward Steelers Jersey, and an overall reduction in call volume into Guyana due to the current economic slowdown.Atlantic Tele-Network reported net income plummeted to US$6.59M from US$12.59M,Sammie Coates Steelers Jersey, missing the consensus estimate of US$0.66 per share.Total revenue for the parent company increased by 11.7 percent year-over-year to US$55.39M from $49.57M.Wireless revenue improved 31.8 percent to US$30.04M due to the consolidation of Bermuda Digital Communications and US$1.90M revenue growth in the company’s U.S. rural wireless business. |
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