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Greece - Lannet grows Q3 sales 40%, losses widen.

Europe Intelligence Wire

| December 04, 2007 | COPYRIGHT 2007 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Telecompaper Europe)

Greek operator Lannet Communications reported third-quarter sales of EUR 15 million, helped by its merger with Telepassport. The EBITDA loss however widened to EUR 3 million from EUR 0.5 million a year ago due to subscriber acquisition costs and more competitive pricing. Its pretax loss increased to EUR 6 million from EUR 2 million. The company said it had reversed a restructuring provision of EUR 0.6 million taken in ...

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