UnitedNetworks’ telecommunications business contributed to the company’s $53.6 million profit for the half year to June 30, but the company will not disclose by how much.
Sean McDonald, general manager of the company’s telco subsidiary, UnitedNetworks Communications, says “we’re not revealing our revenue numbers, but that’s not because we’re unhappy with them”.
Relative to the company’s investment, “we’re doing better than most”, McDonald claims.
United has spent approximately $30 million over two years preparing and activating its telco network, which runs through gas pipes the company bought in May 2000. Having bought the pipes, the company says it was able to install its fibre-optic network more cheaply and quickly than its competitors.
McDonald, who ran Unisys's ASP service until earlier this year, offered the state of flux in the telecommunications market as a reason for not revealing the income or profit from UnitedNetworks Communications. “Considering what’s happening in the industry, it’s commercially sensitive.”