Wanadoo's star rises on profitability announcement

NEWS Wanadoo has reported positive results for 2001 and again brought forward the date by which it forecasts it will break even. The ISP group - majority-owned by France Telecom and including the UK's Freeserve business - increased its revenue by 41 per cent to E1.56bn (£966m) last year. It also bumped up subscriber numbers to about six million, with over half a million of those signing up to higher value broadband services. Wanadoo now expects to make a profit - before interest, tax, depreciation and amortisation - for the full year 2002.