RE: RE: What's with the "silent" treatment?
And in regards to capital costs, I'm not certain of the capital cost required for the Seinne Essonne segment. In the 3Q financial results on page 13 of the MDA it states “Subsequent to the end of the third quarter, Covage was chosen by the Urban Community of Seine Essonne.....Covage’s total investment is projected to be €10.1 million”, then on the last page of the financial statement they write, “Subsequent to quarter end, Axia announced that its joint venture in France had been awarded the network contract for Seine Essonne Network. Axia’s joint venture is committed to incur capital expenditures of up to $7.1 million (€5.3 million) for this new regional network win”. Maybe the “total investment” refers to more than just “capital expenditures”, I don't know I guess it's best not to think about it so much. And Covage is a joint venture, so Axia is only responsible for 50 percent of the costs while 93.7 “The Cube” is responsible for the other 50 percent. Maybe I should just go by their chart on page 16 of the MDA that shows they have to spend $12m on network development during the next year and $31m over the next 3 years. I hope it finally will result in some decent growth numbers from Covage pretty soon.