Cable / Telecom News

Revenue, losses down at Telehop

TORONTO – Telehop managed to cut its net loss by more than half, but still ended 2010 in the red.The long distance provider reported year-to-date revenue of $11.76 million with a net loss of $271,393, compared to revenue of $13.40 million with a net loss of $1.37 million for 2009.  A drop in revenue of $101,775 or 3.4% less quarter for quarter was attributed to a reduction in its retail long-distance business and wholesale long-distance business.Telehop also said that its year-to-date gross margin increased by 0.79% to 43.19% over 2009.For more on the company’s 2010 financial results, click