BT Ireland has reported its end-of-year results for its all-Ireland operation. Figures for the year ending 31 March 2013 showed revenue of £739.9 million (€876 million), up 4% year-on-year, excluding the impact of foreign exchange. Profit was flat as a result of investment in the delivery of several large retail and wholesale contracts offset by continued cost transformation initiatives.
Colm O’Neill, chief executive, BT Ireland, said, "We have delivered a solid year of growth in revenues and maintained profit and cash flow in a challenging economic environment. We continue to manage our cost base carefully, while making investments in the future of our business to support our customers and to improve our service."
BT’s wholesale division provides network services to over 50 communications companies and, according to Comreg, is the second largest fixed line provider in the Irish market.
The past year has seen BT begin rollout of the Total Transmission fibre network and local loop unbundling, which has been completed in 88 telephone exchanges, with a footprint of over 900,000 lines.
Key wholesale contracts signed during the year include Sky Ireland, AirSpeed Telecom and UTV.
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