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Telesystem International reaches 6.7 million wireless
Business Brokerage by Alan Fein
- Total gross margin was 67%, an increase of 4% versus the second
revenue was an additional $0.8 million.
Forex Broker Telesystem International Wireless Inc. reported Monday that wireless subscriber accounts had risen to 6.7 million in 2004 through its two subsidiaries that serve customers in Romania and the Czech Republic.If you would like to receive late breaking news on tech stocks covered by AXcess News then you need to subscribe. By joining, you can stay ahead of the pack and receive the latest news in your email in-box first.Print This Page
- Gross margin was 70% versus gross margin of 67% in the same
and other revenue contributed an additional $0.9 million.
Online Brokerage Jan 17, 2005 (AXcess News) Montreal - Telesystem International Wireless Inc. (Nasdaq: TIWI) reported Monday that wireless subscriber accounts had risen to 6.7 million in 2004 through its two subsidiaries, MobiFon S.A. and Oskar Mobil a.s., that serve customers in Romania and the Czech Republic.
- Total cash and cash equivalents, term investments, ended the quarter at $190.2 million, or $3.84 per weighted average share, versus $194.9 million at the end of the second quarter 2002.
- The company spent $5.6 million during the third quarter repurchasing approximately 1.3 million of its own shares.
- Total revenue was $4.0 million, up 8% sequentially from $3.7 million in the second quarter of 2002.
- Gross margin was 65%, compared to 67% in the second quarter of 2002.
- GAAP net loss was $2.2 million, or a loss of $0.04 on a per share basis, compared with the second quarter 2002 GAAP net loss of $2.5 million or $0.05 on a per share basis.
Real Estate Broker MobiFon, which operates under the brand name Connex in Romania, added approximately 541,000 net subscribers during the fourth quarter, reaching approximately 4,910,000 subscribers at the end of 2004. This was Connex's best quarter ever in terms of net subscriber additions and furthermore, this was combined with a solid growth in the postpaid segment. Postpaid net additions reached 40.9% of total net additions during the quarter resulting in a 65.7/34.3 prepaid/postpaid mix at the end of December 2004.
- Cash and cash equivalents, term investments, ended the quarter at $194.9 million, or $3.85 per weighted average share, an increase from $192.1 million in the first quarter 2002.
- Service fee revenue was $3.6 million compared to $3.9 million in the first quarter of 2002.
- Total revenue was $3.7 million and gross margin was 67%.
- Total operating expenses, cash deferred compensation, was $6.3 million.
- Cash net loss from continuing operations, as defined below, was $2.3 million, or a loss of $0.04 on a per share basis.
Agency Brokerage Spark Oskar Mobil, which operates under the brand name Oskar in the Czech Republic, added approximately 84,000 net subscribers during the fourth quarter, reaching approximately 1,830,000 subscribers at the end of 2004. This was Oskar's best quarter in terms of net subscriber additions in 2004. Postpaid net additions reached 86.2% of total net additions during the quarter resulting in a 52.1/47.9 prepaid/postpaid mix at the end of December.A brokerage firm that has been covering TIWI may be taking a second look after Monday's news. UBS had downgraded TIWI from 'buy' to 'neutral' November 30.
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Business Broker The year's subscriber results did not take into consideration TIWI uping its stake in Oskar Mobil a.s from 27.1% to 100%, which was announced January 12, 2005.
Brokerage Account Though the price was steep, 46 million shares, its results may be worth the dilution.
Stock Broker Investors Monday seemed to agree, pushing TIWI shares up 33 cents to close at
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