OTTAWA – Thanks to ongoing, dramatic reductions in customers, the traditional wireline telco industry saw fourth quarter 2006 profits drop by 23.7% according to a release today from Statistics Canada. This was due to the 1.5% reduction in operating revenues which fell to $5.6 billion, while operating expenses grew by 2.6% over the same period. "With wireline operating revenues declining by 2.2% between 2005 and 2006 (preliminary) to $22 billion, and operating expenses increasing by 0.4% over the same period, operating profit declined 14.0% to settle at $3.5 billion in 2006," said the press release from Statscan. On the other...
