Telio delivers growth and continued good profitability in the 2nd quarter
- 6,019 new customers*) in 2nd quarter Telio continues to deliver strong results, thereby confirming their position as a leading European provider of access independent broadband telephone services. Telio increased its customer base by 6,019 net new customers in the second quarter. Revenues in the second quarter ended at NOK 99.4 million.- With an underlying revenue growth of 6% we have more than compensated for the revenue loss from the introduction of VAT on electronic services from 1 July 2011 which makes us very satisfied. Through increased investments in sales and marketing