Priority 1H returns disappoint

19 Aug 2004

Netherlands-based wireline operator Priority Telecom has reported revenues of EUR46.8 million for the first half of 2004, down from EUR54.3 million in the year earlier period, after losing a number of key contracts within the educational sector. The company, which is owned by United GlobalCom Europe (formerly known as United Pan-Europe Communications) said the termination of carrier-preselection services in Norway also had a negative impact on turnover, as did a decrease in the number of carrier leased line contracts under its control.