re: good company.... yeah Exetel's shareholders include John Linton and Steve Waddington. Steve Waddington does not have a terribly large amount of money in the bank, evidenced by the fact he was prepared to mortgage his house in order to secure a bond with Telstra Wholesale(when 8000 customers were cut off by their other wholesale supplier). John Linton on the other hand does have money lined up, but who cares?
Last year Exetel made a Net profit of $120,000. How is it now able to add an additional $730,000 - $800,000 of costs when wholesale prices have not dropped, and Exetel have not increased their prices by $20/user ?
Even if their revenue increased to $20mill for this year, assuming small gains in scale, profit would not have exceeded $300,000. Is this company still making a profit?
You say that Swiftel was making a profit while JL ran the DSL - was it the $10,000/month profit that exetel is making ? Im sure shareholders of people telecom and Swiftel would have been really impressed with that!
Why should anyone listen to what you have to say based on the publicly released figures that the company your parents own, and that you work for, are dismal at best.
PEO
people telecom limited
