Chello Broadband Shows Strong Growth
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Europe's leading broadband ISP chello broadband has reported strong growth with 80,000 broadband Internet access subscribers in 5 countries.
Speaking at the European Cable Convention in London earlier this week, chello's managing director Iain Osborne said that the figures prove that broadband is a high-growth industry.
Although it has an office in London, chello has yet to introduce its service to the UK and has accumulated its 80,000 subscribers in France, Belgium, Austria, Norway and The Netherlands.
"Since our launch in March 1999, chello has increased its subscriber base by 122 per cent, from 36,000 to 80,000 and the growth over the last quarter alone is 52 per cent," said Roger Lynch, president and CFO of chello.
Meanwhile this week, the high-speed hopes of Internet users in the UK took a knock when BT announced that it would deploy a downgraded version of ADSL, from 2mbps to 512kbps, while the telphone line charge would rise substantially above the trial price.