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December 14, 1997updated 01 Sep 2016 5:25pm

ATLANTIC TELECOM BLAMES LOSSES ON CABLE TV WOES

By CBR Staff Writer

Atlantic Telecom Group Plc the Glasgow-based cable company and fixed wireless telecoms pioneer, has borne the cost of the disposal and running down of its cable TV operations and the investment in its wireless network with a 4m pound six-month loss. It claims that its telephony operations are going well with the capacity for 100,000 subscribers in the Glasgow area, and 11,228 lines installed, and 5,763 customers, with its telephone operations making up 34% of its 5.4m pound revenues. The problems for the company comes through its cable TV operations, for one Hull System, which it wants to get rid of and can’t sell, that will close down in January. Another of its subsidiaries, cable operator Aberdeen Cable Services Ltd, is a dead-end business a customer base that declined by 13% to 15,729 in the six months. The company is now hoping for success by aping Ionica Plc, without making the same mistake of not having a large enough network capacity, and Atlantic plans to start wireless telecoms services in the rest of Scotland and the UK, for which it recently won an operating license (CI No. 3,299).

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