Posted: 29th Jul, 2003 By: MarkJ
UK ISP Easynet has purchased Talknet, a German ISP, for a cool £2.4 million:
Easynet paid 500,000 up front and will stump up the rest of the cash in installments until January 2006.
For the year to June 30, talknet generated revenues of 14.4 million, notching up an operating profit of 2.1 million. According to Easynet, the acquisition should see its German operation becoming EBITDA positive during Q3 '03.More @
The Register.