£12m for broadband boss who sold firm

A 34-year-old entrepreneur has scooped £12.5m (€18.2m) after selling the internet company he founded a decade ago, it emerged today.

£12m for broadband boss who sold firm
Thu, 30 Sep, 2004 - 13:15

A 34-year-old entrepreneur has scooped £12.5m (€18.2m) after selling the internet company he founded a decade ago, it emerged today.

Mark Lang set up broadband provider Eclipse Networking in Exeter, England in 1995 and has seen it secure contracts with customers such as Hamleys, Best Western Hotels and Brittany Ferries.

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CourtsBusinessHeathrowPlace: Exeter, EnglandPlace: HullPlace: UKPlace: East YorkshirePerson: Mark LangPerson: LangPerson: Chief ExecutivePerson: Malcolm FallenOrganisation: Eclipse NetworkingOrganisation: HamleysOrganisation: Best Western HotelsOrganisation: Brittany FerriesOrganisation: Kingston CommunicationsOrganisation: EclipseOrganisation: Internet Services Providers’ AssociationOrganisation: KingstonOrganisation: Kingston-upon-Hull City CouncilOrganisation: North Wales Police Authority
<p>Cork-founded information and communication technologies company PFH Technology has posted turnover of €178.5m, up 18% on the previous year, with operating profits increasing to €19.8m.</p>

Profits rise to €19.8m at Cork-headquartered PFH Technology

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