Eircom outage serves to cloud its improving results
Talk of an IPO is now on the back burner and broadband expansion will be key to its future
It’s been a mixed week for Eircom. Financially, it reported relatively positive numbers last week. Its fourth quarter saw revenue of €325 million, up 5 per cent – its first growth in seven years – while it pared back its costs by 5 per cent, leading to earnings growing by 12 per cent to €135 million on the previous year.
That meant that, year on year, while its revenue was broadly the same at around €1.2 billion, a reduction in operating...
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