Feeds

Fibernet to offer unbundled services

Revenue and profits up

  • alert
  • submit to reddit

Boost IT visibility and business value

Fibernet is on the verge of offering unbundled telecoms services, the high-speed data communications outfit confirmed yesterday.

One of the few companies to remain in the local loop unbundling process, it is set to announce at the end of the month that it is ready to offer SDSL (Synchronous Digital Subscriber Line) services from around 30 exchanges.

Fibernet has highlighted a total of 221 exchanges, which it believes will enable it to offer broadband services to more than 55,000 small and medium sized business.

Announcing its preliminary results for the year ended 31 August 2001, Fibernet reported increased turnover and profits at that Basingstoke-based company.

Turnover was up 30.5 per cent to £54.6 million from £41.8 million the year before.

Pre tax profits were up 7.4 per cent to £3.6 million from £3.4 million in 2000.

Chief exec, Charles McGregor, reported: "Despite worsening economic conditions, Fibernet's services continue to be in demand.

"Our customers still have to communicate but their purchasing criteria have largely moved towards saving money rather than expansion," he said.

Despite an upbeat assessment Fibernet's shares dipped over concerns that over capital expenditure in France and Germany. ®

The Essential Guide to IT Transformation

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
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
prev story

Whitepapers

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.
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.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.