QTL unknown

broadband growth

  1. 4,219 Posts.
    lightbulb Created with Sketch. 94
    The announcement

    Leading distributor Quadtel Ltd (ASX:QTL) is pleased to update the
    market on progress within its Broadband Business Unit, headed up by
    Mr Denis Orrock.

    The ACCC has just released the latest figures regarding broadband
    services take-up in Australia. The number of ADSL subscribers had
    increased from 26,600 at31 July 2001 to 128,100 at 30 September
    2002. This represents an increase of 382% in 14 months. Quarterly
    growth is averaging 40% and our market share is remaining consistent
    at 11%. This is great news for Quadtel.

    Quadtel's distribution agreements with iPrimus, Ozemail and iHug are
    progressing well. These ISPs are increasing their residential and SME
    customer base consistently each month. "We're witnessing the
    broadband success in Australia. The ISPs can't work fast enoughto
    get their customers connected," commented Denis Orrock. He continues,
    "The broadband business is at the moment proving to be a
    money-generating machine which everybody is keen to get into,
    demonstrated by the increasing number of small ISPs approaching us
    and the increasing number of modem orders from tier 2 and tier 3

    Revenue generated from our Broadband Business Unit is now accounting
    for over 20% of our Quarterly revenue and Quadtel expects this to
    continue growing.
watchlist Created with Sketch. Add QTL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.