The French ISP Wanadoo has announced that it has narrowed its losses for the first half of this year following a large increase in the number of its customers requiring faster access to the Internet. The company declared losses of E39 million for the first half of this year compared with a loss of E102 million for the corresponding period last year.
Wanadoo currently has approximately 7.8 million subscribers in six different countries. Over 850,000 of the company’s customers are signed up for its fast web access services.
Wanadoo also revealed that it is continuing with its attempts to integrate EresMas into its operations following Wanadoo’s acquisition of the Spanish ISP in July 2002. Wanadoo is hoping to consolidate EresMas into its company accounts by Q4, although the company does not believe that EresMas will have any significant impact on its 2002 financial results.