Meteor Mobile, the cellular subsidiary of struggling Irish incumbent Eircom, booked pre-tax losses of EUR146.6 million (USD188.7 million) for its financial year ended 30 June 2011, impacted by an impairment charge of EUR112 million. The cellco said the charge related to lower cash flows from its business, due to intense competition and a weaker macroeconomic environment, made worse by the IMF-led bailout and the impact of the national budget last year – all of which led to reduced consumer spending and a rise in unemployment
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OVETEL Meteor booked pre-tax losses of EUR146m in fiscal 2010/11
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