Examples of Long Distance Business in a sentence
Prior to the Second Closing, there shall not have occurred circumstances constituting a Material Adverse Effect in the non-ISP acquired business (i.e. the Long Distance Business, the Wireless Business and the Local Exchange Business collectively) unless such Material Adverse Effect is a direct result of the acts or omissions of Buyer.
Except as otherwise required or permitted by this Agreement, the Other Investment Documents, the Articles or the Joint Venture Documents, the Company shall not hold in the Local Exchange Division, or any other division of the Company other than the Long Distance Division assets which are primarily used, or held primarily for use, in or for the benefit of the Long Distance Business, except for assets that in the aggregate are not material to the operation of the Long Distance Business.
Long Distance Business.............................................................
While EBITDA margin for the Long Distance Business fell from 49.4% in 2002 pro forma to 35.5% as a result of the decrease in interconnection revenue, EBITDA margin for the Data and Internet Business grew from 32.1% in 2002 pro forma to 38.9%.
The exchange shall take place in accordance with the following: the rate of exchange shall be one (1) Class “E” share for each Class “B” share which shall be exchanged; in accordance with the provisions of the Canada Business Corporations Act, the Class “B” shares so exchanged shall be automatically cancelled and shall automatically become Class “E” shares at the date of their exchange and the Corporation shall amend accordingly the stated capital accounts maintained for the shares of Class “B” and “E”.
Revenue from our Long Distance, Data and Internet Business increased by 2.8% from 2002 and reached RMB5.73 billion in 2003, an increase of 19.5% from 2002 pro forma.(1) Revenue from PSTN Long Distance BusinessRevenue from our PSTN Long Distance Business decreased by 17.7% from 2002 to RMB2.29 billion in 2003, an increase of 5.4% from 2002 pro forma.(2) Revenue from data and Internet businessesWe have fully leveraged the technological advantage of our multi-businesses integrated network platform.
While operating profit from Long Distance Business fell to RMB0.7 billion due to a reduction in the interconnection revenue, operating profit from our Data and Internet Business increased to RMB0.75 billion.
Revenue from PSTN Long Distance Business As our nationwide long distance coverage expanded and interconnection improved, revenue from our PSTN Long Distance Business increased from RMB1.49 billion in 2001 to RMB2.78 billion in 2002, an increase of 86.7%.