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London/Bonn, March 3, 2003 -- Demand for broadband services by UK businesses will more than double in the next five years, forecasts Plenexis a major player in the corporate sector.

Based in Bonn, Germany, Plenexis is European market leader with a 20% share of the market for corporate networks via satellite and says its forecasts run against many accepted views in the industry.

Plenexis believes that by 2007 the UK market for broadband satellite services will grow from an estimated 75 million Euros to be worth 190 million Euros within a total European market of 1.6 billion Euros.

The forecasts are contained in a report on the satellite broadband sector prepared by Chris Chaney, UK Managing Director of Plenexis and former MD of Cyberstar. (Swimming Against the Tide - a viewpoint on market opportunities for broadband communication by satellite in Europe*)

Kai Lauterjung, Plenexis Group Managing Director, says that contrary to the views of many players in the telecoms market, Plenexis takes a positive and optimistic view of its business because it believes there is an underlying growth trend in the European satellite communication market.

"It is interesting to see that more than two-thirds of British companies* have told the Institute of Directors that geographical coverage of broadband needs to improve. Broadband delivered by satellite overcomes all problems of geographical reach."

Plenexis is well placed to reap major gains in Europe and the UK over the next few years. Factors such as weak pricing of satellite time, insecurity of contract periods and failure by many companies to provide reliable technology all play to Plenexis’ advantage, says Mr Lauterjung.

"We believe this situation will continue for at least the next five years," adds Mr Lauterjung who says that Plenexis turnover is poised to reach 300 million Euros by 2006.

The Plenexis analysis of the European market for satellite broadband services reveals structural change and rapid consolidation taking place. Plenexis is part of the consolidation process because it is currently discussing merger or partnership with many significant telecoms operators in Europe.

The Plenexis forecasts follow closely on a report from the Institute of Directors last week showing that only 10% of British companies feel their broadband needs are met. However, more than 75% say that using broadband will reduce their costs.

More than 66% of companies say that geographical coverage of broadband must improve before there is wider adoption of the technology.

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Copies of the report are available from: Liz Deane at: liz@oakesbacot.co.uk

Company

Foundation: 1 January 2002, management buyout of former Deutsche Telekom subsidiary DeTeSat

Offices: Bonn (headquarters), Berlin, Budapest, Hamelin, Istanbul, London, Moscow, Stockholm, Paris

Management: Kai Lauterjung – Managing Director of Plenexis Group
Martin Bartholomew – Chairman of Plenexis Group
Chris Chaney – Managing Director Plenexis Ltd.

Shareholders: 3i Group: 82 per cent

Management: 18 per cent

Gateways: North America, Central Europe, Russia

Satellite Terminals: 4,500 worldwide

Service partners: Over 200 Worldwide

Products:

- Corporate Network Services

- Managed Networks

- Office Connect

- Backup Service

- Internet Services

- SkyBooster Home

- SkyBooster Business

- Backbone Connect

- Satellite Multicast

- Content Distribution

Full Service Package:

- Analysis of demands and requirements

- Network and system design

- Financial models

- Provision of satellite transmission capacity

- Turnkey installation of transmission and receiving technology

- Provision of operational licences

- Operation and service for all locations

- 24 x 7 Network management and monitoring

- 24 x 7 Helpdesk


For further information contact:

Eugene Bacot/Colin Lewis/Liz Deane

Oakes Bacot Public Relations

58 Queen Anne Street

London W1G 8HW

eugene@oakesbacot.co.uk

+44(0) 20 7224 0994

This press release was distributed by ResponseSource Press Release Wire on behalf of Oakes Bacot in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.