4 May 2005
The Netherlands-based wireline telco Versatel, which has recently been the subject of takeover speculation, has reported a 31% year-on-year rise in first-quarter revenues to EUR178 million. Revenues were up 4% when compared to the fourth quarter of 2004. EBITDA was up by 50% from EUR25 million in the first three months of last year to EUR38 million this year, while net losses fell from EUR7 million to EUR3 million. The company, which is reportedly being targeted by Belgacom, added 1,000 new residential DSL customers in the Netherlands in the first three months of 2005, taking its total to 170,000, while it added 42,000 subscribers in Germany, where it now has 140,000 broadband users and 257,000 subscribers in total. In Belgium, Versatel’s DSL subscriber base increased by 10,000 to 48,000.