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Information Technology News Unwired still unprofitable
Information Technology News Unwired still unprofitable | Unwired still unprofitable |
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| by Stephen Withers | |
| Thursday, 22 February 2007 | |
  
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However, the company's operating activities are still cashflow negative, suggesting it still doesn't have enough subscribers. The company posted a net loss of $A14.7 million for the period ending 31 December 2006, an improvement of 20 percent on the corresponding period in 2005. "We are very happy with our financial position,” said Unwired CEO, David Spence. “We have achieved a sustainable growth rate while at the same time decreasing operating costs. Our EBITDA continues to improve and we are well on the way to achieving positive EBITDA. We have a solid cash position and are well advanced in our plans to transition to WiMAX in 2008." A consortium comprising Unwired, Austar and Soul has submitted a proposal for funding under the federal government's Broadband Connect Infrastructure Program. The partners propose to use a variety of technologies to provide value-for-mone broadband access in under-serviced areas.{moscomment} |
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