eir sees customers rise as cost-cutting continues

eir

eir reported rising customer numbers in its latest financial results as it continues a cost-cutting programme and prepares to invest in new technologies.

Revenues flatlined in the three months to December at €330 million, but EBITDA rose four percent to €121 million as the operator continued its cost reduction strategy.

Operating costs for the quarter were down two percent to €130 million.

The Irish operator did not provide a figure for net profit.

Reported mobile revenue in the quarter fell six percent to €88 million, due to regulatory price changes to mobile termination rates.

The decline came despite mobile customer base increased by 8,000 in the quarter and 15,000 for the six months to a total of 1,074,000 customers.

In its fixed line segment, eir saw reported revenue up two percent to €250 million as broadband connections reached 880,000, growing 13,000 in the quarter and 26,000 in the six month period.

The operator also saw growth in its fibre customer base, which rose 36,000 in the quarter and 71,000 in the half-year.

The operator also reported that over 200,000 customers now watch eir Sport.

The service was launched in July, seven months after eir purchased Setanta Sports Channel Ireland for an undisclosed fee.

For its H1 results, the operator saw revenue of €657 million and EBITDA of €243 million, rising one percent and two percent respectively compared to the equivalent period of 2015.

Richard Moat, CEO of eir, said: “We remain focused on network investment, bundling and convergence, with all these initiatives underpinning our successful transformation from a telephony to a media company.”

Moat highlighted the company’s content rights and its “ongoing commitment to strategic investment” as key strengths of the company.

“Our vision for our customers is a converged future, providing seamless access to fixed and mobile services,” said.

“This will be brought to life this year with the launch of new innovative products such as voice over broadband, voice over Wi-Fi and voice over LTE services.”

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