This share at approx. 30p. is beginning to recover having been a great deal higher in past years. Worth a look. Quite a bit of enthusiasm for it on ADVFN. They keep coming out with good news. Not a great many shares in issue so it will not take a great deal of buying for it to move considerably.

Cheers K

B

These shares were 30p a month ago. Bits of news such as reported this morning are gradually having their effect. Now 40p to buy.



Distribution: Trade press, news.direct, internal

Fibernet brings broadband initiative to Liverpool businesses

Fibernet first to Liverpool with next generation Broadband for businesses

Fibernet Group plc (LSE:FIB), the communications solutions company, today
announced plans to include Liverpool in its national rollout of Symmetric
DSL (SDSL) services. The 'Liverpool Broadband initiative' targets a number
of exchanges throughout the city and will create a more competitive local
Broadband market, providing businesses with access to fast and reliable
leased line replacement services at an affordable price.

Having already invested heavily in bringing data centre class network
services to the city of Liverpool, Fibernet is now working closely with
Broadband consultancy IDEAe to extend its services to the local business
community. By pro-actively assessing and capturing demand, the initiative
is well placed to deliver next generation broadband products across
Merseyside, where, through an innovative cluster-based deployment,
'stronger' exchanges are able to subsidise 'weaker' ones.

Sergio Tavares, Managing Director of IDEAe said, "The objective is to put
Liverpool at the leading edge of Broadband infrastructure and, at the same
time, to deliver a market where local businesses have access to real choice.
It is a very exciting project but, at the end of the day, what really
matters is how Liverpool businesses will be able to save money, increase
their productivity and become more competitive." He continues, "This
initiative also demonstrates Liverpool's increasing vitality as an
investment location. Merseyside is already attracting substantial
investment and this represents yet another example of how the region can
successfully attract private investors."

Symmetric DSL services are capable of providing advanced services denied to
ADSL users, including Content Provision, Virtual Private Networking, ASP
service delivery, native voice services and LAN extension services (LES).
Fibernet's wholesale services directly support all of this functionality.
This service is provided via a service provider at a competitive flat-rate
cost, especially in comparison to leased line costs or multiple ISDN lines.
Reliable connectivity is a prerequisite for any business wanting to get the
most from the Internet, but it has been lacking from broadband solutions to
date. By being able to provide a comprehensive service level agreement with
SDSL, Fibernet offers, via its service providers, not just technical support
but peace of mind to its customers.

Commenting on the scheme, Charles McGregor, Chief Executive of Fibernet
said, "Businesses are rightly beginning to demand that they are not
dis-advantaged by lack of service to the city. The launch of this new SDSL
initiative has the potential to deliver enormous benefits to businesses in
Liverpool. In addition, the competitive pricing structure we have
constructed will bring these services within reach of the vast majority of
small and medium-sized enterprises. I am confident that Liverpool city's
businesses will welcome the opportunity to make a real difference to their
bottom line."

He continued, "We see SDSL as a technology that will give businesses in the
UK a key competitive advantage over our neighbours in continental Europe.
Together with IDEAe this project will quickly assess the readiness of
Liverpool's business community to take the initiative and to demonstrate its
potential for leadership in the rapidly developing broadband world. We look
forward to bringing these services to one of Europe's most vibrant
communities."

Once installed, Fibernet's broadband infrastructure will be pre-enabled to
deliver next generation DSL services, including Voice over DSL and the ultra
high broadband VDSL.

Jumped in at 30p...nice!

Just had a quick peek at the chart. Seems some upside(except today). Had this one tucked away in the 'do not diturb' category as it has been a disaster, but like some of the telco's(Colt) it sems to have found a few followers.

Is there some news coming

Fibber is flying trading statement on tuesday :-)

doing nicely...

worth getting in at 60p or too late?

Fibernet continues progress in signing new orders and reducing cash burn

Fibernet Group plc, the communications solutions company, today reports on
progress for the third quarter of the financial year, ended 31st May 2003
and for the second half-year to date.

Highlights:

New order intake continues to be positive:
* Total value of new contracts (TCV) signed in Q3 = 8.6m
* TCV already signed in Q4 = 12.0m
o H2 2003 (to date): 20.6m
o H1 2003: 26m
o H2 2002: 27m
o H1 2002: 10m

Funding position remains strong; cash balance:
* Q3 2003: 24.4m
* Q2 2003: 26.1m
* Q1 2003: 24.4m
* FY 2002: 34.3m

Charles McGregor, Chief Executive, comments:

"Fibernet has experienced another positive quarter of trading.

We have again signed an encouraging amount of new service contracts,
demonstrating both the demand for and our ability to provide bespoke,
high-value, managed network services.

Since the end of the half-year, Fibernet has signed 20.6m of new contracts,
which puts us firmly on course to continue the positive run rate achieved in
the previous two half years.

We continue to reduce our cash burn rate and retain sufficient cash to fund
our current business plan."

Trading

Sales performance was again positive this quarter and we have signed 8.6m
of new contracts (excluding renewals) in the three months ended 31st May
2003. New customers signed in the third quarter include royalblue Group,
Wellington Underwriting and Reliance Mutual.

Additionally, since the end of the third quarter, we have signed further
significant contracts, taking the total value of new contracts signed in the
second half-year to date to 20.6m. This puts us firmly on course to
continue the run rate achieved in the previous two half years.

Fibernet continues to transact more business with existing customers
including, among others, JP Morgan Chase, HSBC, Opal Telecom and Lloyds TSB.

Our performance in renewals for those customer contracts that have come to
the end of their term remains healthy.

In what remains an even more challenging business environment than the UK,
our operation in Frankfurt is also making good progress. New customers
signed to the Frankfurt Carrier Ring include Belgacom and Genesis, taking
the total number of members from 21 at the end of the second quarter to 33
at the end of the third quarter.

Product Development

During the third quarter we have moved from customer trials to full delivery
of our new second generation Ethernet services and are pleased to report
encouraging demand, securing our first orders during the third quarter.

The third quarter has also seen the launch of our National Carrier Ring
service, extending the reach of successful London Carrier Ring to operators
in a further six cities: Bristol, Birmingham, Manchester, Leeds, Glasgow and
Edinburgh.

Summary

The third quarter has seen Fibernet continue to perform well against all of
our key performance indicators: new orders, cost control and cash burn. We
retain our confident outlook for the business going forward.

Things look very healthy sober :0)
Tris