Meteor helping Eircom grow

COMREG has handed Eircom the 3G license it withdrew from Smart Telecom as the former State-owned telecommunications company pushed revenue growth up 9% in the quarter to the end of January.

The phone company acquired by Babcock & Brown Capital last year, said network investment by Eircom in DSL broadband rollout and mobile infrastructure has increased by 28% to €219 million of capex cash outflow for the nine-month period to date.

Eircom CEO Rex Comb, said that over the last quarter and during the nine-month period to date, the group continued to deliver solid revenue growth, both in fixed line and mobile.