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 Friday, April 04, 2008

Privately owned Thai telco TT&Tís consolidated revenues in 2007 rose by 8% to THB6.932 billion (USD222 million), largely driven by broadband sales, according to a company release. Despite the turnover increase, the operator recorded a net loss of THB2.028 billion, almost double the loss of THB1.08 billion recorded in 2006. Moreover, the earnings before exchange rate and income tax gains worsened year-on-year from a net loss of THB2.372 billion in 2006 to a net loss of THB2.606 in 2007 due mainly to the decline in revenue from fixed line voice services and start-up operating costs of new services which are expected to generate a large proportion of revenue in the future. TT&T had 1.23 million local fixed lines in service at the end of December 2007, down from 1.24 million a year before.

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Source: TeleGeography.