Jazz promises to banish blues by 2012; trumpets new targets

3 Mar 2010

Alternative Spanish operator Jazztel has outlined its targets for the period 2010-2012, saying it expects to post revenues between EUR850 million and EUR890 million in 2012, almost double the EUR454 million achieved in 2009. The company hopes to turn around a net loss of EUR24 million in 2009 and record a profit this year, before reaching net income of around EUR50 million to EUR65 million by 2012. It also says it plans to achieve an ADSL subscriber base of 1.2 million by end 2012 with a market share of nearly 11%, up from the 582,000 subscribers and approximately 6% market share it claimed at the end of 2009.

Spain, Jazztel