Clearnet, the Canadian wireless play (CLNTF) Message Board

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Technology Stocks : Clearnet, the Canadian wireless play (CLNTF)

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To: Ian Murray who wrote (44)	5/14/1998 11:08:00 PM
From: Anthony Wong	of 214

Here's some ood news: May 14, 1998 3:15 PM DOW JONES NEWS SERVICE CLEARNET COMMON SEES POSITIVE EBITDA IN 2000 TORONTO (Dow Jones)--Clearnet Communications Inc. (CLNTF) expects to report positive earnings before interest, taxes, depreciation and amortization, or EBITDA, in the year 2000, chief financial officer Robert McFarlane told shareholders at the annual meeting. In 1997, Clearnet reported negative EBITDA of C$177.6 million. Clearnet still has major capital requirements as it builds its wireless-phone services, executives said. The company will have total capital requirement of C$1.2 billion to C$1.3 billion in 1998 and 1999, McFarlane said. Clearnet sees negative EBITDA of C$205 million to C$275 million this year and C$100 million to C$150 million next year, he added.

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