PTGi Reports Growth in Revenue in First Quarter

Primus Telecommunications Group, Incorporated, a global facilities-based integrated provider of advanced telecommunications products and services, has reported that its net revenue for the first quarter 2012 was $234.7 million, an increase of 8.2 percent from first quarter 2011 net revenue of $217.0 million.

The increase in net revenue

Contributing to the increase in net revenue was a 4.9 percent increase in net revenue from growth services.

Total company data center revenue of $10.6 million increased 9.1 percent. Exactly, Primus Canada's data center revenue increased 10.1 percent to $8.2 million in the first quarter, during construction of the new 30,000 square foot Toronto Tier III facility accelerates toward a targeted third quarter grand opening.

The first quarter ended March 31

Officials with Primus Telecommunications Group during announcing results for the first quarter ended March 31, 2012 pointed out that it completed the acquisition of Arbinet Corporation on February 28, 2011; in fixed and final form, first quarter 2012 comparisons are not directly comparable with prior periods.

Company officials said that adjusted EBITDA was $20.0 million, an increase of 10.7 percent from first quarter 2011. The year-over-year impact of foreign exchange translation was an increase of $1.2 million to revenue for the first quarter 2012 and an increase of $0.3 million to Adjusted EBITDA.

Aquino said that the pending sale of Primus Australia is a significant liquidity event and is a catalyst to create three separate operating segments going forward led by the company’s Canadian team: a 'pure play' data center business unit; a North American telecom unit focused on consumer, SME, and carrier voice and data services, including U.S. Retail; and the company’s ICS operation.