E-commerce giant Amazon surprised the markets with a US$214m profit for the fourth quarter on revenues of US$29.3bn, driven by a 50pc increase in Prime membership and lucrative Christmas shopping.
Dublin: 30.01.2015 07.51AM
Cable provider UPC has seen a 26pc increase in broadband subscriptions with numbers now standing at 272,700. Entry-level speeds currently stand at 25Mbps.
UPC's parent company Liberty Global reported revenues of US$2.54bn, up 5.5pc for the first quarter.
In Ireland, the company added 36,200 subscriptions to next-generation services. Year-on-year total subscriptions increased 13pc by 110,900 to 922,600.
In terms of broadband subscriptions, UPC added 57,800 new subscribers.
The company's home phone business now counts 187,200 users - a net addition of 78,300.
In terms of digital home entertainment, the company has 384,900 digital TV customers.
“We're continuing to grow our business with groundbreaking products, services and bundles offering unique value to our customers," Dana Strong, CEO of UPC Ireland, said.
“People are increasingly choosing high-bandwidth broadband services and we are well positioned to meet that demand, having invested €500m over the past six years in our advanced next-generation broadband network.
“We are focused on making our investments productive for the entire Irish economy. This includes promoting digital inclusion and business competitiveness for all our customers throughout Ireland. Our investments are also contributing strongly to supporting Ireland in meeting its EU Digital Agenda targets," Strong said.
The company employs 850 full-time staff and 1,000 contractors.