NOPT float = 7.5 million Volume so far = 517,400.
NEON Communications Inc., formerly NorthEast Optic Network, Inc., owns and operates a fiber-optic
network in 11 Northeastern and Mid-Atlantic states, including the District of Columbia. The Company
currently has a continuous fiber link from Portland, Maine, to Boston and on to New York City.
More from Market Guide: Expanded Business Description
Financial Summary
NOPT and its subsidiaries are engaged in the ownership, management, operation and construction of fiber
optic telecommunication networks in New England and New York. For the fiscal year ended 12/31/00,
revenues totaled $13.2 million, up from $5.7 million. Net loss before accounting change rose 52% to $41.8
million. Revenues benefitted from recurring lease services and growth in lit services. Higher loss reflects
increased marketing and personnel expenses. |
