WINNIPEG – Craig Wireless reported a net loss of $1.2 million for the quarter as it “continued to shift its focus away from its current fixed-wireless digital television distribution business in British Columbia and Manitoba”. Net losses for last year’s first quarter were $787,884, the company reported. Revenue from its first quarter ended November 30, 2008 was $440,723 compared to $468,712 in the first quarter of last fiscal year. The increase in the loss is due primarily to “the increase in amortization of spectrum license assets, as the company's WiMAX wireless broadband network in Greece was available for commercial use during...
