Telio 3Q 2008 results indicate continued growth

30 Oct 2008

Norwegian broadband provider Telio has reported a 4% rise in total revenues year-on-year for the three months ended 30 September 2008, despite reduced termination revenues following regulation imposed at the beginning of July 2008. Revenues for the three-month period were NOK92.96 million (USD13.84 million), whilst operating profit also rose to NOK14.15 million, up a massive 660% from NOK1.86 million a year earlier, while CAPEX dropped from NOK1.71 million in 3Q 2007 to NOK5.57 million.

Norway, Telio Norway