eircom reports rise in underlying profits

16 Nov 2006

Irish fixed line incumbent eircom has reported a 13% year-on-year increase in underlying profit for the three months to 30 September 2006 on the back of a 23% rise in revenues to EUR494 million (USD632.7 million). Earnings before interests, tax, depreciation and amortisation (EBITDA), and one-off items were EUR168 million in the period under review, while EBITDA for its fiscal first half was up 11% at EUR330 million on sales of EUR977 million, 22% higher year-on-year. In the wake of the statement eircom announced plans to spend a further EUR300 million on new infrastructure projects over the next three years, on top of the previously announced capex of EUR750 million, in a bid to improve the network of its mobile subsidiary Meteor and to deliver faster broadband services. The former monopoly, now owned by Babcock & Brown Capital and the employee share ownership trust (ESOT), had 325,000 broadband customers by the end of October, while its mobile arm had 742,000 subscribers.

Subscribe



Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share