News Column

Telehop Announces Positive First Quarter Results for 2014

June 18, 2014



By a News Reporter-Staff News Editor at Telecommunications Weekly -- Telehop Communications Inc. ("Telehop" or the "Company"), (TSX-V:HOP) announced its financial performance during the first quarter ended March 31, 2014.

Telehop has continued to deliver a positive Adjusted EBITDA for the quarter of $190,888 compared to $62,478 in 2013. EBITDA for the quarter was $128,219 after considering transaction costs of $62,669 incurred during the quarter related to acquisitions.

The Company is now accelerating our product expansion into higher growth markets of voice and data wireless services. Through the acquisitions of G3 Telecom and, subsequent to the first quarter, iRoam, Telehop is now diversifying revenues from declining traditional long distance dial around markets. Product offerings of SIM cards, data roaming devices and worldwide Wi-Fi roaming solutions are showing opportunities for revenue growth in a variety of enterprise and consumer offerings. The Company expects to continue to explore expansion opportunities in these emerging wireless driven markets.

"This quarter we were able to start integrating G3 operations with Telehop operations and begin delivering on our growth strategy. The G3 acquisition in the first quarter and the iRoam acquisition in the second, are perfect springboards to new markets and customers," said Rajiv Jagota, President CEO, Telehop.

Keywords for this news article include: Telehop Communications Inc.

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Source: Telecommunications Weekly


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