Wednesday 25 April 2018

BT earnings up 14pc in first half

Earnings at telecoms group BT Ireland rose 14pc in the first half of its financial year as underlying revenue at the company declined 4pc to £373.6m (€440.6m). Part of the UK-based BT group, BT Ireland's figures reflect its activities across the island.

The rise in earnings before interest, tax, depreciation and amortisation (EBITDA) at the subsidiary was down to cost managementand securing new contracts with companies such as eBay, Danske Bank, Glanbia and VHI.

Graham Sutherland, chief executive of BT Ireland, said competition was having a positive effect on the market for next generation networks and said the company was looking to further expand its fibre network into urban and rural locations.

Irish Independent

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