T-Online scrapes pre-tax profit
Broadband growth key
T-Online has scraped into the black, just, as the giant ISP revealed that one in four customers now pays for broadband access.
Europe's biggest ISP made a pre-tax profit of €2m in Q1. Last year the company recorded a Q1 pre-tax loss of €92m.
Revenues at the ISP increased by 22.1 per cent from €364m in Q1 2002 to €445m this year.
Part of that increased revenue is down to a growth in subscribers - and in particular broadband punters.
In total T-Online attracted an extra 1.2m Internet users during the year bringing the total number of subscriber to 12.5 million.
During that time the proportion of Net users with broadband access rose from 18 per cent to 24 per cent. ®