Fibernet to offer unbundled services
Revenue and profits up
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. ®