Feeds

Wanadoo eyes ‘profitable performance’ for 2003

Bon

  • alert
  • submit to reddit

High performance access to file storage

Wanadoo - a subsidiary of France Telecom - is on target to register a profit next year, Europe's second largest ISP reported today.

The French ISP reported that revenues topped €2.07bn for 2002 - up 33 per cent on last year.

Revenues for Q4 2002 reached €629m - up 35 per cent on Q4 2001.

This performance was bolstered by a 66 per cent leap in access revenues leading Wanadoo chairman and CEO, Olivier Sichel, to comment: "Continued sustained growth in all our businesses should enable Wanadoo to turn in profitable performance throughout 2003."

This financial growth is matched by a growth in Wanadoo's customer base, which increased by 2.5m over the year.

It now has 8.5m Internet access customers in Europe - including 1.4m broadband punters.

Wanadoo's UK business - Freeserve - notched up 2.57m customers at the end of December.

Looking ahead Wanadoo is predicting an increase in revenues of between 25-30 per cent for 2003.

The ISP is due to publish its full results at the end of February 2002.

Last week Wanadoo denied reports it was due to axe around 150 jobs as part of cost cutting measures.
®

Related Story

Wanadoo mum on redundancy fears

SANS - Survey on application security programs

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.