Liberty Telecom, the holding company of Filipino WiMAX operator Wi-tribe Telecoms Inc, has posted a 26.2% rise in net losses for the three months to 30 September 2011, driven by higher operating expenses as it raced to sign up new subscribers. The telco booked a net loss of PHP415.91 million (USD9.61 million) in the period under review, up from a loss of PHP329.62 million in 3Q10. The latest results increased the operator’s year-to-date losses to PHP1.13 billion, compared to PHP741 million in the first nine months last year
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OVETEL Liberty posts widening Q3 losses on higher OPEX
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