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Free-ISP boom brings Easynet rich pickings

Group's telecomms division sees boost to sales

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At least one London-based ISP has joined the rarefied ranks of Net companies that can actually claim to make money. Easynet Group posted profits of £252,000 for the first half of 1999 against a loss of £495,000 for the same period last year. Turnover increased to £12.8 million for the first six months -- an increase of 80 per cent despite a drop in revenue from its subscription services. Easynet's chairman, David Rowe, said: "The growth of free dial-up services in the UK has benefited the Easynet Telecommunications division providing a rapidly growing revenue stream to the company and an opportunity to attract large partners. "We are now well positioned to further develop our European strategy with interconnect agreements and infrastructure growth to cater for the rapidly evolving market place." The company hopes to provide local access points for corporate Internet users more than 100 European cities. ®

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