Cable / Telecom News

Look posts $3.4M loss for Q2


TORONTO and MONTREAL – Struggling Look Communications recorded losses across the board for its second quarter of fiscal 2009 ended February 28, 2009. Service and sales revenue from continuing operations for the quarter was $3.3 million, compared to $4.4 million for the same quarter last year, while LBITDA (loss from continuing operations before interest expenses, income taxes, depreciation and amortization) was $2.4 million, a $1.3 million year-over-year decrease. In the press release announcing its financial results, the company said that it was “very pleased” with Industry Canada’s position with respect to the 2500-2690 MHz band plan. Look's 92 MHz of multipoint...