PlusNet racks up 100k broadband punters
Appoints new COO
PlusNet has around 100,000 broadband punters, the Sheffield-based ISP revealed yesterday. At the end of March the ISP had 98,125 broadband users - up from 57,673 at the same time in 2004.
Publishing a trading update for the three months to the end of March, PlusNet reported that revenues for Q1 was £8.2m - up 34 per cent on the corresponding period last year.
Margins have also "sharpened", the company said, helped in part by recent cuts in the cost of wholesale broadband from near-monopoly provider BT. PlusNet also announced that it has appointed a former BT man - Danny Sullivan - as chief operating officer. Danny boy was responsible for establishing BT's ISP group and the development of its ISP strategy. Which is nice. ®