Feeds

Wanadoo ups revs, narrows losses

Broadband push

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Europe's number two ISP, Wanadoo, expects to have more than one million broadband customers by the end of 2002.

Publishing half year results today the French ISP - which owns the UK's Freeserve - also reckons it will have some 15m customers throughout Europe by 2005, up from 6.8m active subscribers today.

The monster ISP generated revenues of €918m during the first six months of 2002 - up 33 per cent on the same period last year.

This growth was mainly due to an 89 per cent increase in revenues from Internet access, along with a 45 per cent rise in revenues from its Internet directories business.

Earnings before interest, etc (EBITDA) were €28m, compared to an EBITDA loss of euro;54m during the same period last year.

Wanadoo's Net access and portal business racked up €516m during H1 compared to €305m a year before. This part of the business still managed to make an EBITDA loss of €87m, down from €147m in 2001.

No figures were available for the performance of individual country ISPs. Neither was anyone at Wanadoo or Freeserve available for comment at the time of writing.

But in a statement Nicolas Dufourcq, chairman and CEO of Wanadoo, said: "Wanadoo's results for the first half of 2002 reflect the company's strong performance.

"With revenues increasing 33 per cent and positive EBITDA of 28 million euros one year ahead of initial forecasts, Wanadoo has demonstrated its ability to achieve profitable growth in Internet access and online services." ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.