Feeds

EasyNet to axe 90 jobs

Unbundles 160 lines - whoooooooeeeeee

  • alert
  • submit to reddit

Boost IT visibility and business value

EasyNet has blamed the "cautious operating environment in wholesale capacity" for its decision to shed 90 jobs – around ten per cent of its total workforce - from its wholesale division.

The cuts are part of a wider cost-cutting initiative at the broadband operator which it says will save it around £10 million a year.

Despite today’s announcement the company is upbeat about the rest of the year.

It claims that DSL is the "cornerstone" for its strategy; it added more than 9,000 new broadband connections last year.

This led to a threefold increase in monthly revenues from DSL – up from £3.3 million in January 2001 to £9.6 million a month by December 2001.

And as one of the few remaining companies still involved in local loop unbundling, EasyNet says it is "already attracting customers" and has so far unbundled more than 160 lines from nine exchanges.

"DSL is expected to be the engine of revenue growth for the business in the next few years," said Chairman and chief exec David Rowe.

"Progress in selling broadband Internet access to businesses has been very promising and we are starting to see the fruits of our ongoing investment in local loop infrastructure with the first London exchanges operational and business customers signing up in increasing numbers," he said.

Shares in EasyNet were up 7.5p (5.36 per cent) to 140p by mid morning. ®

Boost IT visibility and business value

More from The Register

next story
Scotland's BIG question: Will independence cost me my broadband?
They can take our lives, but they'll never take our SPECTRUM
Trying to sell your house? It'd better have KILLER mobile coverage
More NB than transport links to next-gen buyers - study
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
NBN Co adds apartments to FTTP rollout
Commercial trial locations to go live in September
Samsung Z Tizen OS mobe is post-phoned – this time for good?
Russian launch for Sammy's non-droid knocked back
Telstra to KILL 2G network by end of 2016
GSM now stands for Grave-Seeking-Mobile network
Seeking LTE expert to insert small cells into BT customers' places
Is this the first step to a FON-a-like 4G network?
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.
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.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.