Question-and-Answer Session
Operator
(Operator instructions) Michael Garone [ph] with Credit Suisse. Please go ahead.
Michael Garone – Credit Suisse
Yes, good afternoon. I have a couple of questions and the second one I hope you will be able to answer. Firstly, with regards to revenue and EBITDA growth, I am interested in understanding at what rate should I say the clean Invitel grew in the first half both in revenue and EBITDA terms? And by that I mean excluding the items that you have mentioned in your presentation such as Tele2 (inaudible) contacts. I appreciate if you could give me those couple of numbers.
Secondly, I appreciate the difficulty in commenting on the strategic review. Are you also not prepared to comment on timeline as in where are you with the process? And secondly I just wanted to mention your majority shareholder earlier this afternoon mentioned that the strategic review process has seen a good level of interest from basically potential buyers. Could you mention whether how many are involved in this process and whether they are private equity or industrial buyers or both? Thanks.
Martin Lea
Okay, thank you. I mean unfortunately as I am sure (inaudible) I am not prepared to comment at all on the strategic review process although if someone has said with a lot interest in this business it wouldn’t surprise me. But going to your third question, it’s difficult to answer that because obviously we are showing you pro forma combined results. But if you look to for example the HTCC Group before the combination with Memorex then we will be looking at broadly flat gross profit and single-digit EBITDA growth but I can't stop the split down (inaudible). We just don’t have that information available.
Michael Garone – Credit Suisse
Can I just come back to that? Then if I was – when you are thinking of the business as it goes into 2008 what would your expectation be of the growth in EBITDA once this cleanup is finished.
Martin Lea
2009?
Michael Garone – Credit Suisse
’09, sorry, yes.
Robert Bowker
I mean I think once you have taken all the cost out I think we’d be happy with single-digit, low-single digit growth.
Michael Garone – Credit Suisse
Okay. Thanks.
Operator
Thank you. Our next question comes from the line of Mitch Reznick with Fortis. Please go ahead.
Mitch Reznick – Fortis
Thank you for taking my questions. Some housekeeping issues – questions. For the quarter and for the six month period what were the cash taxes in dollar terms?
- To read the full transcript on Seeking Alpha, click here »
