MONTREAL-Dolphin Telecom plc, the specialized mobile radio subsidiary of Telesystem
International Wireless Inc., reported revenues for the fourth quarter and year ended Dec. 31 of $21.9 million and $71
million, respectively.
The company’s revenues for the fourth quarter and fiscal 1997 year were $6.8 million and
$11.9 million, respectively.
Dolphin’s net loss for the fourth quarter was $28.7 million compared with a net loss of
$4.9 million for the same time the previous year. The company’s net loss for 1998 was $53.8 million compared with a
net loss of $8.9 million for 1997. Dolphin attributes the increase in losses to buildout and initial developments in the
United Kingdom and France.
