cancel
Showing results for 
Search instead for 
Did you mean: 

PlusNet turnover leaps by 37%

Novagal
Grafter
Posts: 54
Registered: 30-07-2007

PlusNet turnover leaps by 37%

Just came across the following posting on the internet today and thought some of you may be interested........ looks like a new broadband level will be arriving shortly at £9.99??

Quote:
Internet service provider PlusNet said turnover in the first quarter of 2006 rose 37% to £11.2m.

In a statement ahead of the company's AGM to be held later today, and ahead of an analyst presentation this afternoon, CEO, Lee Strafford, said PlusNet increased broadband customers 96% to 192,000 in the quarter compared to a year earlier.

During the quarter, PlusNet recorded net broadband customer additions averaging over 5,000 a month, an overall increase of 93% on Q1 2005. PlusNet said its customer churn remains among the lowest in the industry.

As expected, customer acquisition rates slowed in the first quarter in anticipation of the roll-out of faster 8Mb services from April 2006 onwards, which was formally announced by BT in February 2006. This trend was shared across the industry, PlusNet said.

PlusNet also announced today that from July 4th it will be offering its entire customer base the opportunity to bundle their voice line rental and calls package with their broadband service for an additional £11 per month.

It is also launching a new entry level broadband service priced at £9.99 per month on May 31st.

On outlook, the group said PlusNet is uniquely positioned to meet current and future challenges within its industry and that the company's low cost business model will allow it to continue to build value through the offer of profitable, competitively priced services to mature internet users.

Continued customer growth, combined with a low cost, efficient operating model is expected to drive further progress in the financial year ending December 31st 2006 and the outlook remains very positive, the company added.
Unquote.


Seems like PlusNet are looking attractive!!
3 REPLIES
Community Veteran
Posts: 3,364
Thanks: 15
Registered: 06-04-2007

Re: PlusNet turnover leaps by 37%

Quote

It is also launching a new entry level broadband service priced at £9.99 per month on May 31st.


Would guess this is only on LLU lines to be honest.

SW.
--
3Mb FTTC
https://portal.plus.net/my.html?action=data_transfer_speed
James
Grafter
Posts: 21,036
Registered: 04-04-2007

PlusNet turnover leaps by 37%

Not true.
Community Veteran
Posts: 3,364
Thanks: 15
Registered: 06-04-2007

PlusNet turnover leaps by 37%

OK Smiley

I have just seen and started to read the link below:

http://portal.plus.net/central/forums/viewtopic.php?t=41901

SW
--
3Mb FTTC
https://portal.plus.net/my.html?action=data_transfer_speed