Meteor cuts pre-tax loss in 2002

Meteor, the state's third mobile operator, increased its revenue to €45.5m in 2002, up from €13.5m in 2001, the year it launched.

During that period, it also drastically cut its pre-tax loss to €32m in 2002, from €71.7m in 2001 and capital expenditure fell from €46m in 2001 to €10.8m in 2002.