T-Online: rise in high speed internet access customers drives Q3 profits

9 Nov 2004

One of Europe’s largest internet service providers T-Online International has reported net profits of EUR86.6 million (USD112 million) for the three months to 30 September 2004, compared with a restated loss of EUR31 million a year ago, thanks to an upsurge in demand for its high speed internet access services. The German ISP said that sales rose by EUR32.5 million to EUR485.2 million over the period during which time it added 291,000 broadband customers to lift its total to 2.91 million. The Deutsche Telekom-owned unit controls more than half the country’s broadband services market, despite aggressive marketing campaigns from rivals Freenet.de and United Internet. Freenet reported 265,000 subscribers at the end of September, up 60,000 quarter-on-quarter; United reports tomorrow.

Germany, T-Online