The company is currently earning revenue from Britain, Germany, Peru and Australia according to Open Telecommunications director Wayne Passlow.
At a telecommunications conference today, Passlow said that revenue from offshore earnings would ensure Open Telecommunications met its prospectus forecasts of net profit of AU$8.5 million and AU$53.9 million revenue.
Open Telecommunications listed on the Australian Stock Exchange in December at more than four times its offer price of AU$1.00. At 1455 AEST today, it shares were down AU$1.36 at AU$10.99.
