Sunday 22 October 2017

BT Ireland revenue up 14pc in second quarter

BT Ireland revenue up 14pc in second quarter
BT Ireland revenue up 14pc in second quarter
Michael Cogley

Michael Cogley

Revenue in television and communications company, BT Ireland, is up 14pc in the second quarter of its financial year while the company's Irish arm's EBITDA was up 4pc.

BT announced that revenue in both its business and wholesale divisions are up which it says were driven by deals with Sky and data centre contracts with LinkBermuda and ICON.

The company also said that foreign exchange movements had cost BT Ireland £8m (€11.2m).

Order intake increased by 16pc up to £538m (€751.6m) and also rose by 1pc to £2,121m on a rolling twelve month basis.

BT Ireland signed a deal with Sky Ireland to transport all of its IP core internet traffic, and with the Department of Finance and Personnel to provide secure data centre facilities.

BT Sport Europe also reported stronger than expected growth as viewing figures rose by 47pc year on year.

Managing director at BT Corporate UK and Ireland, Colm O'Neil said:

“Our all-island BT Ireland performance for the quarter is strong, with underlying top and bottom line growth. Success this quarter was driven by increased revenue from our major customers, both multinational and wholesale, the continued uptake of fibre broadband across Northern Ireland and ongoing cost management across the business.

In the Republic of Ireland, the unrivalled strength of our global network capability and local expertise continues to deliver for us in the global MNC market as we secured a number of major new deals in the year to date and we’ve made strategic investments in our data centre, our network and our cloud service portfolio to support our continued drive for growth.”

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