UNW unwired group limited

Good result- many may have missed the radio conference. Will...

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    Good result- many may have missed the radio conference. Will cause a turnaround when the media posts this today and esp. Weekend papers. Look for a strong monday, today may be good chance to getin.

    Unwired doubles revenue & customer numbers while costs
    stabilise for full year
    Financial highlights for 12 months ending 30 June 2006 compared to previous year
    • Operating revenue up 104% to $23.4 million
    • Expenses from ordinary activities up 1% to $40.1 million
    • EBITDA loss improved 41% to $16.7 million
    • Net loss improved 20% to $34 million
    12 month operational highlights
    • Customers numbers up 90% to 53,405
    • Spectrum swap with AUSTAR in July. Unwired now owns the majority of 3.5GHz
    and 2.3GHz spectrum in major population centres
    • $37 million Intel investment in Unwired Australia in August 2005 plus collaboration
    agreement to jointly promote rollout of mobile WIMAX
    • Wireless laptop card launched in December
    • First phase of Melbourne network launched in April
    • Formed AUSalliance with AUSTAR and Soul in May to seek funding from
    Government’s $878 million Broadband Connect scheme
 
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