Bitbuzz records 26% increase in revenues

Wi-Fi network operator Bitbuzz has announced operating figures for the year to end December 2011 revealing continued growth in revenue and subscriber numbers. Bitbuzz experienced a 26% year-on-year increase in revenue to €1.487 million in 2011, up from €1.1 million in 2010.

The company had a total of 610,000 registered users in Ireland and the UK by the end of December, a 43% increase on the 355,590 users recorded at the end of 2010.

The growth in registered users and data downloads has been ascribed to the popularity of smartphones; which now accounts for just under 40% of Bitbuzz’s total sage.

"We are pleased with the figures for 2011 and it is encouraging to see our business grow again, despite the uncertain economic climate." said Shane Deasy, managing director, Bitbuzz (pictured). "As well as continuing to attract new subscribers to our service in 2012, we hope to forge more strategic B2B partnerships that will make the most of the growing demand for connectivity across Ireland and the UK."

Recently Bitbuzz announced it reached 320 Hotspots in 2011 and is now providing Wi-Fi to over 100 hotels across the Ireland and the UK, which translates to over 8,000 hotel rooms.

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