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Eircom reports improved revenue for third quarter

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1 December 2014

Third-quarter results for eircom to 30 September 2014 revealed revenue of €313 million, down 3% year-on-year but only 1% over the previous period.

Total operating costs declined 6%, while pay costs were reduced by 18%.

The company reported a base of 2,373,000 wholesale and 1,896,000 retail customers.

Some 13,000 residential broadband connections were added in the quarter, to a total of 731,000 – fibre accounting for 172,000 connections.

In mobile, some 91,000 customers were availing of 4G connectivity and post-pay subscriptions rose 16% to 1,065,000. The eVision TV service attracted 28,000 subscribers. Tripleplay and Quadplay bundles consisting of phone, broadband, TV and mobile services accounted for a combined 17% of the customer base.

Richard Moat, CEO eircom Group, said: “We have maintained our momentum in the first quarter, through focused commercial execution and continued investment in our fixed and mobile network. The rate of revenue decline has slowed significantly, an encouraging sign of stabilisation, helped by two consecutive quarters of mobile revenue growth. Our bottom line performance remains in line with expectations, following a decision to make commercial investments this quarter that will deliver long term growth.

“Our next generation fibre network has passed the 1 million premises milestone during the quarter, and we are on course to deliver a fibre footprint of 1,600,000 premises by June 2016, capable of supporting broadband speeds of up to 100Mb/s. We also recently announced plans to bring 1Gb/s connectivity to 66 towns across Ireland using fibre-to-the-home technology, demonstrating the scalability and future-proofed design of our network investment.”

 TechCentral Reporters

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