Cable / Telecom News

Phonetime Q2 revenue up 5%

MISSISSAUGA, ON - Higher sales volumes in Phonetime Inc.’s wholesale division helped push consolidated revenue for the long distance telecom provider up 5% year-over-year.For the second quarter ended June 30, 2009, consolidated revenue was $41.3 million, compared to $39.3 million for the same quarter in 2008. For the six month period of 2009, revenue was up 11% to $83.9 million from $75.8 million for the same period of 2008."We are very pleased with our Q2 results given recent economic conditions," said president and CEO Wayne Silver, in the press release. "In a challenging period for our industry, we continue to attract new carriers...