Netsource invests millions in broadband

Trade

1 April 2005

Independent Irish ISP and DSL broadband wholesaler, Netsource is planning to invest €2m this year in delivering broadband services to businesses. This should bring to over €3m the amount the company will invest in its services by the end of 2004.

In addition to marketing the Netsource brand and services, investment will continue in recruiting key personnel, customer services, building its channel partner network and ensuring delivery of its anti-spam, anti-virus, microwave wireless, e-mail virtual servers, VPNs and managed hosting services.

 ‘The €1m investment is just the start,’ comments Tom Kelly, managing director, Netsource.  ‘We believe 2004 will be the year the SME and corporate sector begin to realise the value of implementing a business broadband solution and we aim to be the preferred supplier for business broadband connections in this time.’ 
He said the company has already delivered services to almost 2,000 Irish businesses so far.

In addition to targeting the SME and corporate markets directly, Netsource will invest an additional €500,000 in its channel partner network.  The company (formerly named VIA.NET WORKS) has grown its channel partner network from eleven partners in 2002 to 42 so far this year and plans to further grow and support its partner network with training and marketing initiatives. The company has grown staff numbers from 18 to 31 since April 2003.

The company says its business-focused service is designed to offer flexibility to customers. ‘We don’t ask clients to commit to a twelve-month contract, as we are aware business broadband prices are subject to change and clients need to know they have the ability to opt-out of a service at any stage,’ said Louise McKeown, sales and marketing manager. ‘Secondly we do not impose a chargeable download limit on a business broadband service- this brings back usage based pricing, something no business wants to see.’

In December 2002, Netsource became Ireland’s second DSL wholesaler (after Eircom Retail), and operates by paying Eircom Wholesale a fee for connecting to and using its broadband network.

13/04/04

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