Eir 'on track' as half of customer base now on fibre network
More than half of Eir's broadband customer base are now operating off its fibre network after the State's largest telco added 13,000 connections in the first quarter of its financial year.
Underlying revenue at the company surged by €5m in the three months to the end of September with costs falling by €5m.
Eir's total subscribers to its television offering increased by 58,000 with more than a quarter of its fibre customers taking up the service.
The company formerly known as Eircom has continued to invest in its mobile network with 4G population coverage reaching 88pc. Data usage by its mobile customers has rocketed by just under 50pc as consumers' attitudes switch towards more media focused mobile use.
Eir chief executive Richard Moat said the quarterly results were "positive" and that the company is on track to meet its full-year targets.
“We are delivering strong value propositions to our customers and we remain focussed on providing products and services that enhance everyday business and personal interactions.
“We are firmly committed to our investment in fibre, particularly our rural 300,000 rollout programme which will be completed by the end of 2018. This means 1.9 million homes and businesses, or over 80pc of all premises in Ireland, will have access to high-speed broadband in just over two years," he said.