Australia: PowerTel updates outlook

Telecommunications carrier PowerTel has announced that it expects to break even during the first half of next year rather than during Q4, 2001 as previously predicted.

SYDNEY (ZDNet Australia)--Telecommunications carrier PowerTel has announced that it expects to break even during the first half of next year rather than during Q4, 2001 as previously predicted.

The group said it has revised down its outlook given the general downturn in the telecommunications sector.

PowerTel has already taken steps to reduce costs in areas that won't impact on customer service, following a softening in demand from corporate customers who are deferring decisions to change or upgrade telecommunications facilities, according to CEO Stephen Butler.

"Forecast capital expenditure will also be reduced in line with customer demand," Butler said.

Despite these market conditions the telcoms provider “is in a strong financial and strategic market position and is well placed to capture growth and build on its customer base when market conditions improve,” he added.

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