Feeds

Freeserve halves losses

Progress

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Freeserve has halved its losses for the first half of the year as it controlled network costs and benefited from the increased the amount of dosh spent by its customers.

The UK arm of French ISP Wanadoo notched up a loss of €25 million in H1 2003 - down from the €52 million run up in the first six months of 2002.

In the three months to the end of June, Freeserve netted 23,000 broadband customers, taking its ADSL customer base to 91,000.

However, the total number of active users fell in the three months to June from 2.67 million at the end of March to 2.64 million at the end of June. The number of paying subscribers also remained broadly flat at just over one million.

A spokewoman for Freeserve told The Register: "We're very happy with our financial performance for the first half of the year. We're well on track to meet our end of year targets." Those targets, if you're interested, are to halve losses this year and be "EBITDA neutral" next year.

Elsewhere, parent Wanadoo saw revenues for the first six months of the year jump 34 per cent to €1.23bn compared to the same period last year. This increase was led by a 64 per cent jump in revenues (€305 million) from Wanadoo's international business including operations in Spain and the Netherlands.

Said Oliver Sichel, chairman and CEO of Wanadoo: "With operating income before depreciation and amortisation exceeding our objectives and a positive operating income, Wanadoo posted profitable growth during the first half of 2003, strengthening our European leadership positions."

At the end of June Wanadoo had 8.8 million ISP punters in Europe including 1.8 million broadband customers. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Bono apologises for iTunes album dump
Megalomania, generosity and FEAR of irrelevance drove group to Apple deal
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
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?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.