Wednesday's La Presse had some comments about Fido.

Fido still not profitable. Lost $11,2 million instead of $123 million a year ago.

Fido's visit to the bankrupcy court resulted in its debts being reduced by
$1.6 billion ast of may 2003.

Average revenu per customer increased by 5,4% for the industry in Canada.

Text/photo messaging represents only 3 to 5% of revenus compared to 10% in europe.

They mention City Fido, "costing between $40 and $45"  (interesting in light
of recent messages aboutr Fido raisiong it to $45). They expect customers to
consume between 1000 and 1200 minutes per month on City Fido, or about 3 cents
per minute.

Warning about telus restarting a price war to combat Fido in the west.

Microcell Management are still busy reneghotiating the remaining debt.  It
expect to get an addition 100 million in line of credit financing. One analyst
predicts Fido can't be profitable until at least 2006.

The churn rate is of concern according to an analyst. Fido's would be at 3.3%,
whereas industry average would be at 1,9%. Average Fido customer stays for 21
months, whereas for others, it is 41 months.

Fido spends $241 to get each new customer, versus $438 for the rest of the industry.

Does anyone know how the churn rate is actually calculated ? what does 3.3%
actually mean ?