Buoyant Broadband Helps Easynet
Posted: 04th Sep, 2003 By: MarkJ
The latest interim results from pan-European and UK ISP Easynet have shown strong gains, largely due to the continued growth of its broadband business. Revenues increase by roughly 33% from £41.6 million this time last year to £55.2 million now:
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.
More @ The Register .
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.
More @ The Register .
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