Monday, 22 November 2010

Smart Meter Company BGlobal hits installation delays

Smart meter group BGlobal has hit
installation problems with the total number of meters installed in the first
half behind expectations. "The board is revising its installation expectations for the year downwards
by 10% and anticipates that it will raise operating costs to ensure that it
maintains and increases the current installation rate," it said. This "will impact on Bglobal Metering's contribution to group performance in
FY11, it added.

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