Fibre optic broadband rollout on track for eircom
Fresh from the release of eircom's third quarter results, the telecoms provider remains on track with the rollout of its super-fast eFibre network across Ireland
eFibre, eircom’s fibre optic broadband network, is now available to more than 325,000 homes and businesses across the country.
The eFibre network, just one of a number of fibre optic broadband services now available to households, offers eircom customers broadband speeds up to 70Mb.
Following the launch of the eFibre network, eircom has said that it is on track to reach a total of 600,000 homes and businesses by the end of the year.
“Work continues at pace as we execute on our investment strategy to build a network for a nation that supports superfast fibre and mobile broadband for consumers and businesses,” said Herb Hribar, CEO eircom Group.
He added: “The launch of eFibre underlines the group’s ability to deliver quality products, competitively bundled together.”
The success of the eFibre network has paved the way for eircom to begin planning a roll out of its 4G network later this year, delivering faster mobile broadband speeds for eircom customers.
Mr Hribar said: “We will also start trialling high speed 4G data services at scale in the coming months with an anticipated commercial offering this September.”
eircom’s third quater results
Despite the launch of its superfast broadband service, eircom recently announced a dip in revenue for the third quarter of the financial year.
Publishing its results for the third quarter through to March 31, the firm said that revenue was down by 10% year-on-year.
Total revenue for eircom for the quarter stood at €338 million, down by €37 million from the €375 million recorded at the same time last year.
Despite a revenue decrease, the telecoms provider also revealed an overall reduction in costs of €24 million for the financial year to date.
This was helped by a fall in reduction in operating costs last quarter, which fell by €7 million from the previous year to a total of €153 million for the quarter.
The third quarter results were slightly more disappointing when it came to customer base, as eircom revealed a slight fall in retail broadband customers.
Retail broadband customers totalled 455,000 at the end of March, a 1% decrease since the end of December 2012. The total eircom customer base, including wholesale customers, stood at 2,406,000 at the end of the quarter.
Mr Hribar said that, despite some slightly disappointing figures for the third quarter, eircom is performing as expected and is on track with its plans for the future.
“The business continues to perform in line with our expectations as we make progress to stem our customer losses, and revenue decline,” he said.
“However, trading conditions remain challenging due to increased competition and the macro-economic environment.”