Eircom has announced a drop in revenues and earnings for the year end June 2013 but the figures also showed signs of stabilisation in its broadband business.
The incumbent telecoms operator was upbeat, however, citing reduced costs, an improved infrastructure and improving mobile profitability.
Full -year revenue fell to just under €1.4 billion, declining by 8 per cent, or €121 million in the previous year. Operating costs, meanwhile, were cut by €37 million.
Eircom had 451,000 retail broadband customers in the year end, a 1pc decrease on its retail broadband customer base since June 2012.
Ireland gets first 4G network as Eircom goes live with LTE
Irish telco Eircom has become the first in the country to launch a 4G service, but it won’t be long until it has competition in offering LTE services. Eircom switched on its LTE network on Thursday, and has begun selling 4G packages through its eMobile and Meteor brands. Consumers can expect real-world speeds in the region of 20Mbps to 25Mbps, the company said.
In the mobile segment, the Group’s customer numbers fell by 2 per cent in the quarter to 1,059,000 through the end of June 2013.
Eircom has become the first Irish operator to launch a 4G mobile network, giving smartphone, tablet and laptop users broadband speeds up to 10 times faster than what existing mobile services offer. The company has launched the network for Meteor and eMobile users in Dublin, Carlow and Athlone. Cork, Limerick and Galway are set to follow by the end of the year. Altogether, almost half the country’s population will have access to the service by the end of December, with the company pledging to increase coverage to 70 per cent within three years.