Eircom outage serves to cloud its improving results

Eircom outage serves to cloud its improving   results View Gallery

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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