eircom unveils positive financial results

Fibre broadband and eVision TV report positive growth for Q1

David Baker
by David Baker on 28th November, 2014

eircom has reported positive growth among fibre broadband connections and eVision TV custom after revealing financial results for the period ending 30 September.

The firm’s results for the first quarter which runs from July – September, paint a positive picture for their eFibre broadband network as a strong high speed fibre uptake was noted in the three month period.

eircom has 731,000 broadband connections; up 8% in the quarter and equating to 13,000 new connections.

This marks a period of continued fibre broadband growth, with the fibre network passing the one million premises landmark during the period from which the results are taken.

Boosting fibre broadband connectivity

The figures mean eircom is on target to meet its aim of reaching 1,600,000 premises by June 2016 and delivering fibre broadband speeds of 100Mb per second.

At the end of September, 172,000 customers were connected to the fibre network, accounting for 17% penetration of premises passed.

“We have maintained our momentum in the first quarter, through focused commercial execution and continued investment in our fixed and mobile network,” said eircom Group chief executive Richard Moat.

Plans to bring 1 gigabit connectivity to 66 towns across Ireland using fibre to the home technology was also announced in the last quarter.

Mr Moat said this move demonstrates eircom’s capacity to produce a scalable and future-proofed design to boost the network.

eVision services successful

eircom also continued to grow its TV service in the quarter, with 28,000 customers signed up to eVision TV by the end of September.

The addition of eVision On Demand enhanced the firm’s ability to offer more deals to eircom’s customer base – totalling nearly 2.4 million people by 30 September.

Mobile network capability was also boosted in the quarter, with 41% of customers moving onto postpay contracts.

By the end of September there were 91,000 4G customers while the firm also launched 4G services for prepay in the same time period.

Mr Moat added that eircom was achieving benefits from its cost saving programmes and that the company is constantly working on new approaches to enjoy further savings.

“We recognise there are challenges as we execute on our commercial strategy and the Irish market remains highly competitive,” he added.

“We believe the transformation of the Group in the last two years has positioned us well to address these challenges.”

Compare the latest eir broadband and home phone deals.