Cable / Telecom News

TeraGo reports 5% increase in Q1 revenue


TORONTO – National network service provider TeraGo recorded $12.6 million in revenue for the first quarter of 2013, an increase of 5% over the same period last year. The company attributed the increase to recurring service revenue, with more customer locations in service as well as existing customers upgrading their Internet and data connections. First quarter profit increased to $1.3 million compared to $0.2 million in the same period a year earlier. TeraGo added 233 new customer additions in Q1 2013, which was 33 fewer the same period in 2012. The quarter ended with 6,581 customer locations in service, a...