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H1 revenue up, losses widen

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Easynet is providing broadband services to more than 850 customers over unbundled lines, the company confirmed today.

In August the pan-European broadband provider added a further 254 punters and now provides 'own loop' DSL services at 71 BT exchanges in Greater London, Manchester, Leeds, Sheffield, Newcastle, Brighton, Edinburgh and Glasgow.

The company plans to invest still further and could increase the number of unbundled exchanges by as many as 100 over the next 18 months.

News of Easynet's progress comes as the company reported increased revenue and widening losses for the six months to the end of June.

Turnover was up from £28.5m in H1 2001 to £41.6m for the first six months of this year.

Easynet also reported pre-tax losses of £53m, compared to £10.6m during the same period last year.

In a statement Keith Todd, chairman of Easynet said: "...the roll-out of our 'own loop' DSL services is now generating real momentum, making us the only effective participant in the high profile area of Local Loop Unbundling."

At the end of June Easynet had 14,583 business DSL customers, including its own unbundled customers. Shares in the company were up 10p (14.29 per cent) at 70p at lunch. ®

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