Monday 22 January 2018

Eircom revenue falls as more fibre promised

Eircom: revenue down
Eircom: revenue down
Adrian Weckler

Adrian Weckler

Eircom saw a 4pc fall in revenue to €316m in the last three months of 2014 and to €629m for the last six months of the year.

Earnings before interest, tax, depreciation and amortisation also fell by 4pc to €226m.

The company's operating costs fell by €18m to €403 for the six months to December and its salary bills fell by 13pc.

The company said that its mobile business saw revenue grow during three consecutive quarters.

It also said that it will launch new 'pure' fibre broadband services with speeds of 150Mbs, 300Mbs and 1,000Mbs in August.

The new services will be part of a new 'fibre-to-the-home' package that is currently being built in 16 towns around Ireland and is planned for 66 towns around the country. The first towns to get the service will include Kilkenny, Sligo, Letterkenny and Cavan.

The move is part of a bid to compete with Vodafone and the ESB, which are expected to launch 1,000Mbs fibre broadband services in a number of Irish towns later this year.

UPC recently increased its top home broadband speed to 240Mbs.

Irish Independent

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