eircom posts year-on-year revenue growth for first time in seven years

Finance | Tue 1 Sep | Author – Business & Finance
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The Irish telecoms group announced EBITDA for the full year ended June 30th 2015 was €481m, while a 5% increase in turnover for the fourth quarter 2015 was also achieved.

The company reported a 3% increase and the group also added 28,000 customers in the last 12 months to mobile base. Operating costs were also down 7%.

Commenting on today’s announcement, Richard Moat, CEO, eircom Group, said: “This has been a transformative year in the financial and operational performance of the group. 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. 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 €290m invested during the past financial year, part of more than €1bn 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.

For further details on eircom’s fourth quarter and full year results, click here.