Feeds

Wanadoo revenue up 34 per cent but shares fall

Freeserve shifting people onto subscription service

  • alert
  • submit to reddit

Maximizing your infrastructure through virtualization

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. ®

Top three mobile application threats

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Microsoft: We're making ONE TRUE WINDOWS to rule us all
Enterprise, Windows still power firm's shaky money-maker
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.