Netcom is the first UK Internet services provider offering customers nationwide the ability to link to its service with high speed modems.
Although several US ISPs have now invested in the new 56Kbps technology, which doubles the top speed of standard modems to provide online connections at near-ISDN speeds, Netcom is the first to offer the facility in all areas of the UK. The company was involved in testing the new products with their supplier, US Robotics, one of two competing providers of 56Kbps devices.
However, Netcom reported deepening losses in its third quarter, although its revenues soared by 118 per cent to $32 million as it added 83,000 subscribers, making its total 562,000. It lost $13.6 million in the quarter, almost as much as the total losses for fiscal 1995, which totalled $14.1 million. The figure was also significantly worse than the deficits in the first and second quarters of this fiscal, which were $6.6 million and $12.6 million respectively.
The ISP attributed about 40 per cent of its loss to start-up costs of moving into international territories from its native US base.
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