Light Reading

Eircom Reports Revenues Dip for Fiscal Year

Light Reading
News Wire Feed
Light Reading
8/29/2014
50%
50%

DUBLIN -- eircom Group today announced results for the fourth quarter and full financial year through 30 June 2014.

Commenting on today’s announcements, Herb Hribar, CEO eircom Group, said “The past twelve months underline real and sustained progress in the transformation of eircom both in our financial performance and our product offerings to our customers. We have now had eight consecutive quarters of EBITDA stability, slowing decline in our revenues and an improved cost base.

“Network investment continues at pace both in our fixed and mobile platforms. We were the first to market with a quadruple play bundle of services including our new eVision TV offering and the first to market with 4G mobile services.

“Our rollout of Ireland’s largest fibre network, which already reaches more than 900,000 homes and businesses, remains on schedule and on budget - demonstrating that eircom has the expertise to build a fit for purpose, scalable and future proofed network throughout Ireland. Today we are accelerating our rollout and now expect to reach 1.4m premises by December 2015.

“I am also delighted to announce that our ambition for the delivery of high speed broadband services across Ireland will take us further with an additional investment commitment over the coming two years. This includes the deployment of fibre to the home technology, supporting symmetrical speeds of up to 1Gb to locations in Ireland where we see demand emerging. In addition, we are expanding the overall fibre footprint to 1.6m premises, ensuring more customers across Ireland will be able to avail of fibre broadband. Our rollout should be completed by December 2016.”

EBITDA for the full year through 30 June 2014 remained stable, down 1% or €3 million on the prior year to €479 million, before storm costs. Revenue declined to €1,283 million, down €85 million or 6% on the previous year. Operating costs were €814 million for the year, a €87 million or 10% improvement on the year to 30 June 2013.

The retail customer base, comprising fixed and mobile customers, stood at 1,899,000 at 30 June 2014 and includes 1,055,000 mobile customers. The total customer base including wholesale customers is 2,369,000 at 30 June 2014. Revenue Generating Units per customer, an important industry metric, improved from 1.59 to 1.77 during the past 12 months.

In the fixed line segment, revenues fell 8% for the year to €980 million which was reflected in a corresponding €21 million or 4.5% decline in fixed line EBITDA to €443 million to 30 June 2014.

In the broadband market, eircom had 718,000 broadband connections for the period through 30 June 2014, a 7.5% increase for the year. This includes 133,000 connections on Ireland’s largest fibre network. Our retail division had 456,000 broadband customers, a 1% increase on its retail broadband customer base since 30 June 2013. Broadband lines in our wholesale business grew 44,000 or 20% during the year to a total of 262,000 lines to 30 June 2014.

In the mobile segment, EBITDA more than doubled to €36 million through 30 June 2014 compared to the previous year, representing a margin of 10.3%; revenue declined by 2% to €347 million. The Group’s mobile customer numbers remain stable at 1,055,000 through the end of June 2014. This includes 70,000 net additions in the higher value post-pay segment during the year. The post-pay segment now accounts for 40% of the Group’s mobile customer base, up from 33% for the previous financial year. There are now over 65,000 customers using our 4G network since September 2013 and 70% of our new postpay sales have been on 4G price plans in recent months.

eircom

(0)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Flash Poll
From The Founder
Then pick up your axe, put on your spandex trousers and get yourself down to Light Reading's Big Telecom Event (BTE). Kerrang!!!
LRTV Custom TV
Meeting the Demands of Bandwidth & Service Group Growth

5|1|15   |   5:35   |   (0) comments


Jorge Salinger, Comcast's Vice President of Access Architecture, explains how DOCSIS 3.1 and multi-service CCAP can meet the demands of the bandwidth and service group growth.
LRTV Custom TV
DOCSIS 3.1: Transforming Cable From Hardware-Defined Network to Software-Defined Network

4|29|15   |   03:48   |   (0) comments


John Chapman, Cisco's CTO of Cable Access Business Unit and Cisco Fellow, explains how DOCSIS 3.1 can transform cable HFC network to a more agile software-defined network.
LRTV Huawei Video Resource Center
Predicting Traffic Patterns for Quality Mobile Broadband

4|29|15   |   6:45   |   (0) comments


Accessing information ubiquitously creates complexity and creates heavy traffic onto the network, especially at large-scale events like sporting events or festivals. In this video, Huawei's Mohammad Hussain speaks to experts about how to predict traffic and improve user experience during periods of heavy traffic.
Between the CEOs
Ciena CEO: The Web-Scale Revolution

4|28|15   |   10:32   |   (3) comments


Light Reading CEO and founder Steve Saunders goes head-to-head with long-time Ciena CEO Gary Smith to discuss the impact of the web-scale players, the New IP and 'white box' networks.
LRTV Documentaries
Cox Eyes Cloud-Based Home Networks

4|27|15   |   05:30   |   (0) comments


Cox's Jeff Finkelstein explains how moving services to the cloud will let cable deliver services faster and eliminate constant hardware replacements.
LRTV Documentaries
CableLabs' Clarke Updates Cable Virtualization

4|23|15   |   05:41   |   (1) comment


Former BT exec now leading CableLabs' NFV and SDN efforts explains key role of open source and updates efforts to virtualize the home network.
LRTV Interviews
Ericsson's CTO Talks Transformation: Pt. II

4|23|15   |   08:19   |   (1) comment


In the second installment of an in-depth two-part interview, Ericsson's CTO Ulf Ewaldsson talks to Light Reading CEO and founder Steve Saunders about cultural change, network slicing and technology advances.
LRTV Interviews
Ericsson's CTO Talks Transformation: Pt. I

4|23|15   |   09:27   |   (3) comments


In the first installment of an in-depth two-part interview, Ericsson's CTO Ulf Ewaldsson talks to Light Reading CEO and founder Steve Saunders about the incredible transformation underway in the communications networking industry.
LRTV Documentaries
LTE Paves the Way for the 5G Revolution

4|20|15   |   4:20   |   (0) comments


Håkan Andersson, head of 5G product strategy of the Radio Business Unit at Ericsson, discusses the role of LTE, the US and other industry verticals in building a true 5G ecosystem.
LRTV Documentaries
The 3GPP's Road to 5G Standardization

4|17|15   |   4:43   |   (0) comments


Satoshi Nagata, chairman of the 3GPP's TSG-RAN group and a manager at NTT Docomo, explains the standardization process for 5G, as well as the biggest challenges and opportunities.
LRTV Documentaries
AlcaLu CTO Makes the Case for a New 5G Air Interface

4|16|15   |   3:54   |   (0) comments


Michael Peeters, CTO of wireless at Alcatel-Lucent, explains why 5G will require a new air interface to meet its diverse performance targets.
LRTV Documentaries
AlcaLu + Nokia: The New Uber-Vendor

4|15|15   |   2:42   |   (4) comments


Heavy Reading Senior Analyst Gabriel Brown discusses the technological and competitive opportunities and challenges if a merger between Alcatel-Lucent and Nokia comes to pass.
Upcoming Live Events
May 6, 2015, Georgia World Congress, Atlanta, GA
May 12, 2015, Grand Hyatt, Denver, CO
May 13-14, 2015, The Westin Peachtree, Atlanta, GA
June 8, 2015, Chicago, IL
June 9-10, 2015, Chicago, IL
June 9, 2015, Chicago, IL
June 10, 2015, Chicago, IL
September 29-30, 2015, The Westin Grand Müchen, Munich, Germany
October 6, 2015, Westin Peachtree Plaza, Atlanta, GA
November 11-12, 2015, The Westin Peachtree Plaza, Atlanta, GA
All Upcoming Live Events
Infographics
In its latest survey covering network operators' plans and strategies for ICT transformation, Heavy Reading asked telecom operators worldwide to identify the most important goals and objectives for their ICT transformation initiatives. Heavy Reading also asked operators about the importance of a "digital first" strategy, which enables customers to complete an interaction across different digital channels, such as web and mobile self-service and social media.
Hot Topics
Eurobites: Nokia Quashes Handsets Rumor
Paul Rainford, Assistant Editor, Europe, 4/28/2015
Verizon Builds Key Vendors Into SDN Strategy
Carol Wilson, Editor-at-large, 4/28/2015
Why Is Verizon Fighting With Programmers?
Alan Breznick, Cable/Video Practice Leader, 4/28/2015
Astellia Highlights Customer Care Disconnect
Ray Le Maistre, Editor-in-chief, 4/29/2015
T-Mobile Beats Sprint on Subs, Eyes Verizon on Network
Sarah Thomas, Editorial Operations Director, 4/28/2015
Like Us on Facebook
Twitter Feed
Webinar Archive
BETWEEN THE CEOs - Executive Interviews
Light Reading CEO and founder Steve Saunders goes head-to-head with long-time Ciena CEO Gary Smith to discuss the impact of the web-scale players, the New IP and 'white box' networks.
Many leading communications companies can claim to have undergone significant periods of reinvention during their histories, but none have been through more major ...
Cats with Phones
Working With What You've Got Click Here
"It's pretty hard to answer these things without thumbs!"