Bitbuzz drives UPC revenue growth

UPC Ireland’s acquisition of wifi provider Bitbuzz helped the teleco to achieve 8% revenue growth in the first quarter of the year.

The company yesterday released its Q1 results which showed subscriptions to its TV, broadband and phones services grew by 18,000 to over 1.1 million year-on-year across its home and business divisions. The purchase of Irish-owned Bitbuzz last December for a reported sum of €5m-€6m also helped drive growth, UPC said.

“UPC has had a positive start to the year and is continually making strong progress. During the quarter, we launched Ireland’s fastest residential broadband service at 240Mbps which resulted in UPC winning four awards,” said UPC Ireland chief financial officer Carol Grennan.