T-Online gets Excited about European buyout

'Europe here we come'. German ISP eyes European domination ...

'Europe here we come'. German ISP eyes European domination ...

T-Online kept its losses stable for the first quarter of 2001 amid reports that it is trying to break past the German border by buying Excite@Home's European operations. Europe's biggest ISP saw its losses stay steady for the first quarter at $57m on sales of $240 m. The Deutsche Telekom subsidiary scrapped its fixed fee, unlimited access offer in March but still has large numbers of customers on its books until the end of the year. Excite this month said it planned major lay-offs and last month revealed a $832m loss for the first quarter. It also said it had been in talks that could result in the sale of its European operations. Evan Rudowski, MD of Excite Europe, in April said the deal could be for Excite UK only, of which 42 per cent is owned by BT, or the whole European operation for a valuation of between $50m and $100m. A number of other ISPs are said to be pursuing Excite Europe, including Tiscali, Terra Networks and Wanadoo. T-Online makes 90 per cent of its revenue from subscription charges.