Feeds

Wanadoo revenue up 34 per cent but shares fall

Freeserve shifting people onto subscription service

  • alert
  • submit to reddit

Providing a secure and efficient Helpdesk

France Telecom's ISP business Wanadoo - also the owner of UK ISP Freeserve - has posted a 34 per cent increase in revenue for its third quarter, although its share price fell 4.4 per cent on the news.

The company, which also holds ISP interests in Belgium, Spain, Morocco and the Netherlands, announced revenues of 407 million euros (£255 million) but other than that gave only its results over the last nine months. No profits information either.

Wanadoo announced that it plans to have positive earnings before interest, tax etc by the end of next year but stock exchanges remain conerned that the company is spending a small fortune expanding its customer base and infrastructure and receiving very little money in return. And they'd be right as well.

The company has tried to push as many customers onto subscriber services and has been successful at it. In France, it is stealing a good part of the ADSL market. In the UK, it is moving people off the Freeserve free ISP model - which was the first of its kind and spawned a hundred imitators - to an unmetered service.

Nevertheless, all this costs money and everyone is waiting for ISPs to announce they've found a way to actually make a profit. Each time they don't, share price slips. This time Wanadoo is down 4.4 per cent and parent company France Telecom down 3.5 per cent. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.