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UK ISP Freeserve Breaks Even

Posted: 11th Feb, 2004 By: MarkJ
The Wanadoo backed UK ISP Freeserve has today confirmed that it broke even during the second half of 2003:

Wanadoo, the second largest ISP in Europe, bought Freeserve from high street chain Dixons in December 2000 for £1.65bn, but it has made losses ever since.

Today it said the internet service provider had broken even for the first time in the second half of last year and cut its full-year loss to a third of previous levels.

The company, 71% owned by France Telecom, said it would pay a dividend for the first time, proposing a payout of three euro cents per share on its 2003 results.


More @ the Guardian.
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