Swedish broadband firm posts Q1 loss

Swedish broadband operator Sky Communication posted an operating loss of SEK 1.8 million (€194,000), as compared to a profit of SEK 2.8 million (€301,000) in the first quarter of 2007.

The turnover amounted to SEK26.7 million (€2.875 million), up from SEK22.8m (€2.455 million) in the first quarter last year, a Nordic Business report also said.

SkyCom, headquartered in Stockholm, Sweden, provides broadband services in open city networks in Stockholm, Malmo and Umea, and is Sweden's second largest operator with internet access in fibre networks. The company is in the process of changing its name to Bredband2.