Marketing and legal costs impact on BDC’s bottom line

4 May 2006

Higher-than-expected marketing and legal costs impacted hard on the operating and net profits of Bermuda Digital Communications (BDC), the parent company of Cellular One, in the first quarter of 2006, according to the latest financial report from its minority shareholder Atlantic Tele-Network (ATN). ATN did not publish full financials of the Bermudan company but said its equity in the earning of the operator fell from USD600,000 to USD500,000 in the three months ended 31 March 2005 and 2006. BDC is reported to have incurred ‘significant legal expenses relating to its dispute regarding the scope of its licence as it relates to data services’, according to local newspaper, The Royal Gazette.

Bermuda, One Communications