PORTLAND, Ore.-Enhanced directory assistance provider Metro One Telecommunications Inc. said it has been informed by Alltel Corp. that it plans to stop using Metro One’s EDA service by the end of August, which would be approximately six weeks prior to the expiration of the current contract. Metro One noted that Alltel represented approximately 11.6 percent of its revenues during the first quarter of this year.
Metro One lost both AT&T Wireless Services Inc.-which accounted for 45 percent of its revenues during the first quarter of 2004-and Sprint PCS as clients in 2003. AWS has since been acquired by Cingular Wireless L.L.C., while Sprint began using EDA services provided by privately held Infonxx. Metro One did sign a multi-year agreement with rural operator Midwest Wireless last September and entered into a non-exclusive agreement with Nextel Communications Inc. earlier this year.
Metro One attempted to broaden its EDA offering with the launch of its customer-direct Infone service last year, which the company said had signed up approximately 178,000 users by the end of April.
Metro One’s stock was trading up slightly early Thursday at 93 cents per share.
