Wholesale/transport services

Interoute's Healthy Fiber Diet

4:50 PM -- Privately held companies don't often talk about their financial performance, but pan-European business and wholesale services player Interoute Communications Ltd. is so chuffed with its 2008 numbers it's published its headline figures. (See Interoute Reports 2008.)

And it's making the most of the opportunity, touting the capabilities and attraction of its 57,000 kilometers of lit fiber, and taking a sly poke at traditional telcos.

"As other telecoms operators struggle with the financial burden of upgrading their legacy networks, we’ve focused on our fibre optic heritage," notes CEO Gareth Williams in the carrier's chest-thumping press release.

Maybe Interoute shouldn't get too carried away, though. Those "struggling" operators with their legacy networks have millions of legacy customers generating billions of euros a year in revenues and earnings.

Interoute, meanwhile, managed revenues of €247 million (US$333 million), up 31 percent year-on-year, and EBITDA (earnings before I take down addresses) of €25 million ($38 million) for 2008.

And let's not forget that Interoute teetered on the brink of extinction for many a year, and has only managed to pull itself into financial shape in the past 36 months following a cash injection from the Middle East. (See Interoute, Tecom Partner.)

EuroBlog is glad Interoute is around, though. Not only because of the healthy competition it provides in the European market, but because its executives aren't afraid to speak their minds and ruffle some feathers. That, we like. (See Interoute CTO Blames Vendors for Confusion.)

— Ray Le Maistre, International News Editor, Light Reading

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