A surge in broadband subscriptions has boosted Wanadoo, parent of Freeserve, as the French internet group posted revenues of €679m (£469m) for the third quarter of 2003, up 29 per cent over the same quarter in 2002.
Revenues from the firm's access, portals and e-Merchant segment saw increases of 48 per cent, while its directories segment experienced a more modest seven per cent rise in revenues for the third quarter of 2003.
Olivier Sichel, chairman and chief executive officer of Wanadoo, said the company has just topped the two-million mark for broadband internet subscribers.
"Broadband internet is generating ever-greater demand among our customers and is now an integral component in all our businesses," he said.
"Revenues from access, portals and internet directories posted growth of nearly 50 per cent for the third quarter of 2003."
At the end of September this year the firm reported it had nearly nine million internet access customers in Europe, including two million broadband customers (ADSL and cable).
It added 252,000 broadband customers during the third quarter of 2003, including 138,000 in September alone.
The company said that the vast majority of its broadband subscribers used ADSL access - accounting for 1.8 million customers at the end of September 2003 - with an additional 239,000 customers in the third quarter of 2003.
Broadband customers accounted for 23.3 per cent of the Wanadoo internet access customer base at 30 September, up from 20.7 per cent at the end of June 2003.
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