Tech

Revenues and profit down at Three Ireland

Three Ireland’s market share rises to 45.9% as customers numbers jump by 700,000

Three Ireland, which is owned by Hong Kong based CK Hutchinson Holdings operates 3G, 4G and 5G networks

Three Ireland has reported full-year revenues of €615 million for 2023, down 1 per cent on the €620 million recorded a year earlier.

Earnings before interest, tax, depreciation, and amortisation (ebitda) declined 11 per cent to €155 million, which the company attributed in par to a rise in operational expenditure of €21 million linked to higher inflation and energy costs.

The company said overall capital expenditure totalled €95 million, in line with prior years.

Three ...