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Technology Stocks : Clearnet, the Canadian wireless play (CLNTF) -- Ignore unavailable to you. Want to Upgrade?

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

To: Ian Murray who wrote (44)	5/15/1998 12:11:00 PM
From: Anthony Wong	Respond to of 214

Clearnet loss soars, as does customer base Friday, May 15, 1998 By PHILIP DEMONT Telecom Reporter The Financial Post Clearnet Communications Inc. nearly doubled its loss for the first quarter, but it added more subscribers to its new wireless networks than the two existing publicly traded cellular firms combined. For the three months ended March 31, Clearnet lost $263.8 million ($3.04 a share), compared with a loss of $132.6 million (94›) a year earlier. More important for the startup wireless company, it added 46,920 customers, or 31% of the industry's approximately 151,000 new subscribers in the period. That's more than BCE Mobile Communications Inc. and Rogers Mobile Communications Inc., which combined for a total of 21% of the additions during the quarter. "We had a tremendous start to the new year," said George Cope, Clearnet president and chief executive, at the annual meeting in Toronto yesterday. Clearnet and the other wireless newcomer, Microcell Yelecommunications Inc., together added 52% of the new customers in the first quarter, compared with 48% for the rest of the established wireless companies. Clearnet's first-quarter revenue was $40.2 million, up from $13.7 million a year earlier. The company runs a personal communications service network, which is a next-generation cellular service, and a specialized radio service, which is known as Mikeand focuses on business customers. In the first quarter, Clearnet added 12,888 customers to its Mike network, for a total of 57,437. It added 34,032 PCS subscribers, bringing that total to 84,708. The company now aims to add 200,000 subscribers to its networks by yearend, Cope said. At the annual meeting, Clearnet said it would soon begin selling its phones via the Internet, possibly the first wireless company to tap into this distribution outlet, Cope said. Clearnet shares (NETa/TSE) closed at $18.50, down 30›. canoe.ca