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Subscriber
Values
The ISPs whose stock prices are continuing to
fall have made controversial business decisions. Motient merged with a creditor,
Rare Medium, and Excite@Home wrote off over $700 million when it sold BlueMountain.com.
EarthLink and GoAmerica are doing well.
by
ISP-Planet Staff
[September 19, 2001] |
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We list public companies only and do not include ISPs that are part of much
larger firm, like MSN, for example. Current subscriber counts are derived from
corporate reports and ISP-Planet's
ISP Rankings.
WSRN.com is
the source for market data. Market capitalization data is as of market close
on September 17, 2001.
History
In response to readers' requests, we now provide historical data for the subscriber
values here.
Transaction data
Third
party subscriber value research from MCG Capital Corporation averages the
ISPs that MCG bought and sold last year. Revenue per subscriber per month is
particularly interesting data.
Note, however, that the rate of ISP
deals is declining drastically.
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ISP Subscriber Value:
$665
|
|
Stock Symbol
|
ISP
|
Value
per subscriber
|
Market Cap
(millions)
|
Number
of subscribers
|
|
|
[AOL]
|
AOL
|
$3,787
|
$134,044
|
35,400,000
|
|
[ELNK]
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Earthlink
|
$372
|
$1,821
|
4,900,000
|
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[NZRO]
|
NetZero
|
$267
|
$56
|
210,000
|
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[PRGY]
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Prodigy |
$93
|
$307
|
3,300,000
|
|
[LOAX]
|
Log On America
|
$77
|
$3.5
|
30,000
|
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[JWEB]
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Juno
|
$34
|
$31
|
884,000
|
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[GEEK]
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Internet America
|
$24
|
$2.3
|
147,000
|
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AOL subscriber
numbers include RoadRunner and CompuServe.
Q1 numbers
used for Internet America and Log On America.
Juno and
NetZero now provide
a mix of fee and free services and will merge into United Online.
Log On America
is fighting a NASDAQ delisting, Internet America was delisted.
ISP subscriber
values without AOL would average $144 per subscriber.
|
|
Cable ISP Subscriber Value:
$184
|
|
Stock Symbol
|
ISP
|
Value
per subscriber
|
Market Cap
(millions)
|
Number
of subscribers
|
|
|
[RCNC]
|
RCN
|
$379
|
$192
|
507,000
|
|
[WGAT]
|
WorldGate
|
$247
|
$55
|
104,000
|
|
[HSAC]
|
High Speed Access |
$68
|
$12
|
176,000
|
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[ATHM]
|
Excite@Home |
$43
|
$160
|
3,712,000
|
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RCN subscriber
numbers include subscribers to the StarPower joint venture
(a joint venture with Pepco Communications, L.L.C., a utility's subsidiary).
@Home subscriber
numbers include 12,000 @work enterprises. @Home's value continues to fall as
the breakup of AT&T proceeds. @Home recently sold bluemountain.com for about
$35 millionit paid approximately $780 million.
High Speed
Access may sell its cable modem business to Charter Communications at or near
book value.
|
|
Mobile Wireless ISP Subscriber
Value: $276
|
|
Stock Symbol
|
ISP
|
Value
per subscriber
|
Market Cap
(millions)
|
Number
of subscribers
|
|
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[GOAM]
|
GoAmerica
|
$527
|
$53
|
100,647
|
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[MTNT]
|
Motient |
$26
|
$6.5
|
250,000
|
Motient
completed a controversial merger with a creditor, Rare Medium.
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