AT&T Canada said its loss for 4th quarter narrowed to $42 million...
AT&T Canada said its loss for 4th quarter narrowed to $42 million from $112.5 million year earlier, while revenue dipped to $237 million from $260 million. It said revenue from local, data, Internet and IT services represented 62% of…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
total revenue vs. 59% year ago and long distance represented 38% of revenue, down from 41%. Company said reduction in net loss primarily resulted from increased income from operations and noncash foreign currency translation gain of $26.7 million. AT&T Canada said its local access lines in service decreased 11,029, reflecting repositioning of company’s local services business to focus on local line growth and driving 2% decline in local revenue. Revenue from data and Internet declined 5%, primarily due to weakness in enterprise and wholesale data, it said. Revenue from long distance services was down 17% on 12% reduction in average price per min. and 5% decrease in min. volume. AT&T Canada, which filed its restructuring plan last month, said it expected to emerge from bankruptcy protection by end of first quarter, generating positive annual free cash flow and with no long- term debt.