Revenue for FY 2006 amounts to
435 million, an increase of 15% compared to FY 2005.
Revenue for 4Q06 amounts to
118 million, an increase of 17% compared to 4Q05.
· Gross margin for FY 2006 amounts to
234 million, an increase of 16% compared to FY 2005.
Gross margin for 4Q06 amounts to
65 million, an increase of 24% compared to 4Q05.
· EBITDA for 4Q06 amounts to
19 million, an increase of 42% compared to 4Q05. EBITDA for FY
2006 amounts to
61 million, a decrease of 5% compared to FY 2005.
· Net result from continuing operations for 4Q06 amounts to a loss of
20 million, compared to a
loss of
36 million in 4Q05. Net result from continuing operations for FY 2006 amounts to a loss
of
100 million compared to a loss of
47 million for FY 2005.

FINANCIAL HIGHLIGHTS:
· Full year 2006 revenues increased by 15 percent to
435 million from 2005 revenues of
378
million. Fourth quarter 2006 revenues increased by 17 percent to
118 million from fourth quarter
2005 revenues of
101 million.
· Gross margin as a percentage of revenues in 2006 increased to 54 percent from 53 percent in 2005.
In the fourth quarter 2006, gross margin as a percentage of revenues was 55 percent , up from 52
percent in the fourth quarter of 2005.
· EBITDA was
61 million for 2006, compared with
64 million for the previous year, decreasing 5
percent. Fourth quarter 2006 EBITDA was
19 million compared with
13 million in 4Q05, up 42
percent.
· Versatel’s net result from continuing operations for the year ended December 31, 2006, amounted to
a loss of
100 million compared with a loss of
47 million in 2005. The net result from continuing
operations in 4Q06 was a loss of
20 million compared with a net loss of
36 million in 4Q05.
· Capital expenditures (Capex) from continuing operations in 2006 amounted to
109 million, compared with
202 million in 2005. Fourth quarter 2006 Capex was
22 million, compared with
45 million in the fourth quarter of 2005.