GT&T's inbound traffic up

Stabroek News
April 17, 2000

ST THOMAS, U.S. Virgin Islands, CANA - Atlantic Tele-Network Inc. (ATN) has released international traffic figures for its subsidiary, the Guyana Telephone and Telegraph Company Limited (GT&T) for the first quarter of 2000.

Inbound international traffic, which carries the highest profit margins of all of GT&T's international traffic, increased approximately 16 per cent in the three months ended March 31, 2000 over the first three months of 1999, although it declined approximately nine per cent from the fourth quarter of 1999.

Audiotext traffic, which has significantly lower profit margins, declined approximately 45 per cent from the first three months of 1999 and approximately 42 per cent from the fourth quarter of 1999.

Outbound international traffic, which GT&T carries at slightly less than a break even rate, increased approximately 15 per cent over the first three months of 1999, and approximately 11 per cent over the fourth quarter of 1999.

"We are pleased that GT&T's inbound international traffic continues to be ahead of the comparable quarter of last year and the annualised rate for all of last year", ATN Chairman Cornelius Prior said.

Atlanta Tele-Network, Inc. is a telecommunications company with headquarters in St Thomas, U.S. Virgin Islands.

ATN recently acquired Wireless World, LLC the largest internet service provider in the United States Virgin Islands and Antilles Wireless Cable TV Company, which provides St Thomas with wireless TV service using MMDS technology.

ATN also owns a 80 per cent interest in Digicom S.A., which provides dispatch radio, wireless data network and paging services in Haiti, and 30 per cent of Bermuda Digital Communications Ltd., which operates under the name "Cellular One" and is the sole cellular and PCS competitor to the Bermuda Telephone Company.