Cable / Telecom News

Q3 revenue, profits up at Telehop; names van der Plaat to BoD

TORONTO – Telecom provider Telehop saw third quarter revenues return to the black, despite reductions in its retail and wholesale long-distance business.Revenue for the quarter ended September 30, 2009 was $3.39 million with a net profit of $126,714, compared to revenue of $3.98 million and a net loss of $102,676 for the same quarter in 2008.The company reported revenue of $597,528 or 15% less quarter for quarter, which it attributed to a $510,557 reduction in its retail long-distance business, and a $86,971reduction in its wholesale long-distance business.TeleHop reported a gross margin of $1.75 million or 51.6% compared to a $1.63...