Eircom reports 1% fall in revenues

Eircom reports 1% fall in revenues

Eircom has announced revenues of €311m for the third quarter of the year, a 1% fall compared to the January to March period last year.

Revenues at the company continue to fall but at a slowing rate as the former plc switches more of its focus to broadband and mobile from fixed line services.

Operating costs were 6% lower in the quarter and pay costs were down by 17% – the company has shed more than 2,000 jobs in the past three years.

Eircom says that its fibre network now reaches 1.2 million homes and business premises, more than 50% of all those in the country, while more than 25% of its customer base are now buying TV services as part of a bundled multi-media package.

A Dutchman, Huib Costermans is to become Group Chief Financial Officer and a Czech native, Erik Slooten will become Chief Information Officer.

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