BigAir upgrades FY10 ebitda outlook

BigAir upgrades FY10 ebitda outlook

WiMAX operator BigAir Group (ASX:BGL) has upgraded its ebitda forecast for FY10 to $3 million, after exceeding its earnings expectations for the month of April.

The company, which had previously been expecting ebitda of just $2.5 million to $2.8 million for the year ending in June, said its April ebitda had exceeded $300,000.

“The April result is an important milestone for BigAir and a reflection of the combination of our continued strong on-net, organic revenue growth as well as the earlier than expected successful integration of the recently acquire Whizz business,” BigAir CEO Jason Ashton said.

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Tags BigAir Forecast telecommunications WiMAX

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