Fibre networks operator exceeds revenue forecast

Irish-founded and Singapore-listed Global Voice Group Limited (GV) have announced revenues in excess of forecast figures for the year ended 31, December 2004.

Mr Noel Meaney, GV’s Chief Executive Officer, said: "I am pleased to announce that our businesses in Europe achieved revenues of €20.4m and surpassed forecast revenues by more than 15%.

"In October 2004, GV listed on the Singapore stock exchange through a reverse takeover of Horizon Education & Technologies Limited.

The EBITDA performance of our European businesses of €6.98m reflected a 28.3% improvement over the forecast, on the back of increased revenue and reduced operational costs.”

GV operates fibre networks across 14 European cities, which provide access to key locations within a city including business and industrial parks, educational centres, financial centres, government buildings and internet exchanges.

GV’s European customers include many large German banks, Cable & Wireless, KLM, the City of Rotterdam, Essent, the University of Frankfurt, Magnet and Meteor.