Thursday 26 April 2018

Sky deal helps boost BT Ireland’s revenues by 14pc

Michael Cogley

Michael Cogley

TELEVISION and communications company BT Ireland’s revenue 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 12-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.

The company also revealed that it had been added to the Government’s voice framework which it says will bring increased competition to government contracts.

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

The managing director of BT Corporate UK and Ireland, Colm O’Neil, said a surge in the uptake of fibre power broadband, matched with the a number of major new deals, helped the company to a strong quarter.

“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.”

BT’s chief executive, Gavin Patterson, was pleased with the quarterly results and described fibre broadband as a “success”.

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