Cable / Telecom News

TeraGo hits black for the first time


TORONTO – TeraGo Inc. achieved positive earnings for the first time in its history, the company said Thursday while releasing its third quarter results. Net earnings for the three months ended September 30 were $131,000, compared to a net loss of $1.5 million for the same period in 2010.  EBITDA was $3.4 million, a 114% increase from $1.6 million in the same period last year. Revenue was $11.9 million, a 22% year-over-year increase from $9.7 million.  The company, which provides small and medium sized businesses with carrier-grade wireless broadband, data and voice communications services, attributed the increase to customer upgrades and a...