Saturday 15 December 2018

Eir: Full year financial results 'in line with expectations'

(Stock photo)
(Stock photo)
Donal O'Donovan

Donal O'Donovan

Telecom provider Eir said full year financial results for the 12 months to the end of June were in line with expectations.

Revenue of €1.27bn was down €24m or 2pc. Earnings before storm costs increasing by 2pc year on year, while operating costs declined by €21m, before storm costs.

Eir was bought earlier this year by funds controlled by French investor Xavier Niel.

Recently appointed Eir ceo, Carolan Lennon, said: "The acquisition led by NJJ, a telco group with a track record of investment in infrastructure and enhanced customer propositions, is now complete."

Eir withdrew from the tender process for the national broadband plan in early 2018, but Carolan Lennon said it remains committed to supporting the remaining bidder, Enet, and will make Eir’s infrastructure ready and available for the delivery of the scheme.

"We are allocating significant resources in order to provide this support and will continue to do so, to help realise the shared ambition of high speed broadband for all homes and businesses as soon as possible."

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