Feeds

Easynet ups revenues, narrows loss

Broadband take-up 'very encouraging'

  • alert
  • submit to reddit

Top three mobile application threats

Pan-European broadband outfit Easynet has seen its revenues increase and its loss narrow as it continues to target businesses with its high-speed Net services.

Publishing interim results for the first six months of the year, Easynet reported that revenue had swelled by 33 per cent to £55.2 million - up from £41.6 million during the same period last year.

The company made a pre-tax loss of £15.7 million during H1 - down from £22.6 million in 2002.

If all goes to plan, Easynet claims that it's on track for turning EBITDA (earnings before interest, etc) positive by the end of 2003 and cash-flow positive during 2005.

Easynet has kitted out around 130 exchanges where it is able to offer unbundled broadband services, and expects to increase that number to 150 by the end of the year.

Although the company didn't release any specific figures, it reported that take-up of its own-loop services is "very encouraging". What's more, average revenue per user for Easynet's DSL products has not increased to more than £1600.

In a statement, chief exec David Rowe said: "Going forward, we will continue to exploit the opportunity in the broadband arena by building on our leadership position in LLU in the UK and developing further our high quality pan-European customer base."

In May, Easynet was named as one of six companies chosen by the UK government to supply broadband services, kit and consultancy to the public sector.

In July, Easynet paid €3.34 million (£2.4 million) for German ISP talknet to bolster its European operations.

At mid morning, shares in Easynet were up 2.5p (1.8 per cent) at 140p. ®

Related Stories

Easynet buys German ISP for £2.4m
Six firms named as Govt BB suppliers

Combat fraud and increase customer satisfaction

More from The Register

next story
Virgin Media so, so SORRY for turning spam fire-hose on its punters
Hundreds of emails flood inboxes thanks to gaffe
A black box for your SUITCASE: Now your lost luggage can phone home – quite literally
Breakfast in London, lunch in NYC, and your clothes in Peru
AT&T threatens to pull out of FCC wireless auctions over purchase limits
Company wants ability to buy more spectrum space in auction
Turnbull leaves Australia's broadband blackspots in the dark
New Statement of Expectations to NBN Co offers get-out clauses for blackspot builds
Facebook claims 100 MEEELLION active users in India
Who needs China when you've got the next billion in your sights?
Facebook splats in-app chat, whacks brats into crack yakety-yak app
Jibber-jabbering addicts turfed out just as Zuck warned
Google looks to LTE and Wi-Fi to help it lube YouTube tubes
Bandwidth hogger needs tube embiggenment if it's to succeed
prev story

Whitepapers

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.
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.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
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.