Eircom Group results show over 280,000 customers on 4G
Eircom Group today announced results for the fourth quarter and full year ended 30 June 2015. The announcement comes as eircom prepares to rebrand later this year.
Fourth quarter revenue showed an increase of 5% to €325 million over the same period in 2014. Full-year revenue showed a dip of 1% to 1.266 billion.
Eircom reported 782,000 total broadband connections, up 9% year-on-year, with fibre subscriptions up 148,000 to 281,000
TV customers increased 19,000 year-on-year to 40,000.
In mobile, eircom’s user base grew 28,000 to 1,083,000, including 280,000 4G customers and 110,000 fixed line/mobile bundle customers.
Full year revenue of €1,265 million was down 1% year-on-year, but revenues for the quarter grew 5% to €325 million.
“We passed a symbolic milestone in June, recording year-on-year revenue growth in the quarter for the first time in seven years, driven by both our fixed and mobile segments,” said Richard Moat, CEO eircom Group. “It is the result of implementing a consistent strategy over the past three years centred on network investment that has provided much improved product capability and compelling propositions to all our customer segments. 25% of customers now avail of our TV or mobile bundles and we remain the only operator in the market to offer a quad play of services.
“Our significant investment programme has continued with over €290 million invested during the past financial year, part of more than €1 billion invested over the past three years.
“Today, Ireland’s largest fibre network reaches 1.3 million homes and businesses. This will continue at pace as we expand our network footprint to 1.9 million premises to help ensure that the economic recovery reaches all parts of the country. Later this month we will introduce fibre to the home technology as a commercial service that will offer speeds of up to 1Gb/s.”