Feeds

Demon scores broadband ton

100,000 not out

Secure remote control for conventional and virtual desktops

Demon - the internet business owned by Scottish telco Thus - has more than 100,000 broadband punters, it reported today. The increase of 30,000 or so high speed net users on the year helped push broadband revenues up 24 per cent to £17.4m.

Snag is, the telco continues to be hit by a fall in narrowband revenues as punters ditch dial-up for high speed connections. As a result, total internet turnover at Thus fell 3 per cent to £43.6m.

Overall, the telco racked up £176.8m in revenues for the first six months to September, down from £177.5m on the same period last year.

But operating losses fell 75 per cent down to £5.8m compared with £23.3m last year as the telco managed to reduce overheads and attract new public sector and corporate customers including Brewin Dolphin, British Waterways and Cheshire County Council.

And just as it said two months ago when it delivered its last update, Thus is still on the look-out for possible mergers and acquisitions.

"We confirm our intent to explore and capitalise on opportunities from industry consolidation but only if these opportunities create value for our shareholders and accelerate our business plan to generate a return on capital employed," said the company in a statement.

By mid morning shares were up a halfpenny at 15p. ®

Boost IT visibility and business value

More from The Register

next story
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Premier League wants to PURGE ALL FOOTIE GIFs from social media
Not paying Murdoch? You're gonna get a right LEGALLING - thanks to automated software
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
Ballmer quits Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.