France-Telecom-controlled ISP Wanadoo has announced a leap in its subscriber base of 150% last year to six million, sending its stock up nearly 7%.
The group – which plans to have 10m subscribers by year-end 2003 – also reported total 2001 revenues of E1.56 billion, after Q4 sales jumped by one-third to E466m. Wanadoo expects to post an EBITDA (earnings before interest, taxes, depreciation and amortization) profit this year.
Moreover, increasing numbers of subscribers are opting for high-speed access deals, with broadband customers jumping from 143,000 to 545,000 last year.
In addition to its subscribers in France (where it holds over 60% of the market), it also has a presence in the Netherlands, Belgium, Spain and the UK. Its British unit Freeserve strengthened its position with a 13% rise in registered accounts to 2.3m in 2001.
News source: BBC Online Business News (UK)