Cable / Telecom News

Look continues to shrink while testing M3


TORONTO and MONTREAL - Revenue for the three and nine months at fixed wireless company Look Communications was $7.1 million and $ 23.3 million respectively, compared with the corresponding periods in 2005 of $9.2 million and $28.9 million. Gross margin was $3.7 million and $12.8 million for the three and nine month periods ended May 31, 2006 respectively, compared with gross margins of $4.6 million and $14.2 million in the corresponding periods in 2005. "The decline in revenue and gross margin was the result of a lower subscriber base in the current periods compared to the corresponding periods in 2005,...