Feeds

Wanadoo eyes ‘profitable performance’ for 2003

Bon

  • alert
  • submit to reddit

Choosing a cloud hosting partner with confidence

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

Security for virtualized datacentres

More from The Register

next story
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
4chan outraged by Emma Watson nudie photo leak SCAM
In the immortal words of Shaggy, it wasn't me us ... amirite?
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.