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Euronews: Interoute Boasts 20% GrowthEuronews: Interoute Boasts 20% Growth

Pan-European operator's revenue hike, Vodafone's lumpy Verizon dividend and smartphone uptake lead the way in today's EMEA roundup

September 12, 2011

2 Min Read
Euronews: Interoute Boasts 20% Growth

Interoute Communications Ltd. , Vodafone Group plc (NYSE: VOD), Orange (NYSE: FTE) and TalkTalk are today's headline-grabbers.

  • Pan-European network operator Interoute has reported a 20 percent increase in year-on-year revenues for the first six months of the year to €167 million (US$228 million), while its EBITDA (earnings before interest, tax and some other stuff) increased by 5 percent to €29.4 million ($40 million). The operator cited a surge in demand for its Unified ICT cloud service and renewed international demand for pan-European bandwidth services as the main reasons for its leap in revenues.

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