BTopenworld tops 60,000 broadband punters
BTopenworld announced today that it has 62,000 broadband subscribers, more than doubling its customer base in the three months to September.
However, BT's mass market Internet division is still losing money giving rise to unkind quips that the business should be renamed "BTopenwound".
According to the latest figures, at the end of September BTopenworld had 52,336 business and home users for its DSL products - up from 25,026 in June.
However, that figure has increased by almost 10,000 in the last six weeks or so prompting the ISP to claim that its cut-price promotions and advertising promotions are beginning to pay-off.
Together, this has helped boost broadband revenues for the business to £9 million in the three months to September - an increase of 49 per cent from June 2001.
Said Ben Andradi president and COO of BTopenworld: "The increase in people signing up for broadband shows that we are continuing to drive forward in this market.
"We have put a lot of effort into marketing to both consumers and businesses and are delighted to see growth in both markets. This underlines our success in delivering services to both groups," he said.
BTopenworld has also attracted 868,000 unmetered dial-up customers all paying a regular monthly subscription, which has helped drive narrowband revenues to £28 million in Q2 - an increase of 19 per cent on the three months to June.
Together, BTopenworld now boasts some 1.5 million dial-up and broadband customers.
However, the business still racked up an operating loss of £36 million on revenue of £57 million in the quarter.
It's predicted that BTopenworld's narrowband operation will make a profit at the end of 2002, with its broadband business making money the following year. ®