By editorial@silicon.com, 1 August 2001 16:05
NEWS Europe's largest ISP T-Online has announced smaller than expected second-quarter losses. The Frankfurt firm reported pre-tax losses of E56.9m (£34.9m) compared with E66.4m (£40.8m) in the first quarter. Shares in T-Online had already risen by nine per cent on Monday, following rival Terra Lycos reporting better-than-expected second-quarter results. T-Online reports that demand for its service is growing. Meanwhile portal revenues were more than double the figure for the same period last year suggesting a more positive future for ISPs. By 08:30(GMT), T-Online shares were up 2.23 per cent at E9.18 (£5.63).
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