KeyTech profits plunge 37%

By Alex Wright- Royal Gazette KeyTech Ltd. suffered a $4 million fall in profits during 2008/09 as the economic crisis began to take effect with customers changing their plans for the future. Net income for the company slid to $10.6 million for the year ended March...

BTC to cut jobs as downturn takes effect

By Alex Wright Jobs will be cut at Bermuda Telephone Company Ltd. (BTC) due to the current economic downturn and increased competition, The Royal Gazette can reveal. Francis Mussenden, president and CEO of BTC, told the paper that the telecommunications company would...