Having corrected its path in the direction of mobile-first Facebook is now reaping the rewards having beaten analyst expectations and reporting US$2.1bn in revenues and earnings per share of 42 cents in its second quarter.
Dublin: 24.07.2014 04.50AM
UPC Ireland’s product subscriptions grew by 11pc year-on-year in quarter 2 of 2011. It now has 826,000 service subscriptions.
Its broadband business grew by 32pc year-on-year. It now has 224,800 subscribers in total.
UPC's voice business grew by 56pc over the same period, with an extra 43,400 subscriptions. In total, it has 121,000 phone customers during the quarter.
Its digital TV offerings grew by 5pc year-on-year by 18,000, ending the quarter with 384,000 subscribers.
“We have delivered another strong quarter of growth with continued momentum in both our Residential and Business Services operations,” said Dana Strong, CEO of UPC.
“We continue to make significant progress in deploying the latest digital technology to enhance our product offering, strengthen our competitive position and build long-term value for our professional and family customer base. This is only possible through continued investment in our network and support structures.”
The company will invest more than €400m in total upgrading its network after its recent announcement to invest €80m into its Fibre Power Network.
Its parent company, Liberty Global, experienced US$2.62bn in revenue for the quarter.
Photo: Dana Strong, CEO of UPC