Prestige Q4 loss widens - blames telco spending cuts

MONTREAL - Prestige Telecom Inc, which provides construction and operation services for wireline, wireless and cable television networks, reported a fourth-quarter net loss of $2.2 million, compared to a net loss of $1.4 million in the prior year quarter. Sales for the quarter increased 37% to $8.1 million from the prior year quarter.For the 2008 fiscal year, the company reported a net loss of $2.07 million compared to a net loss of $1.55 million in the same period last year. Prestige blamed the fourth quarter decline on sharp reductions in telco capital expenditures in the quarter. It reports that wireline...