Three Ireland earnings slump 16% to €70m

Drop in earnings came despite a 9 per cent growth in customer numbers

The drop came despite an increase in customer numbers. Picture: file

Three Ireland’s earnings (EBITDA) fell by 16 per cent in the first half of 2023 to €70 million, despite the telco increasing total customers by 300,000 in the first half of the year.

The telecoms provider currently deals with 4.1 million consumers, a 9 per cent increase on the same period last year, bringing Three’s total market share to 43.5 per cent.

The drop in earnings was attributed to energy costs and inflationary pressures.

The ...