BT Ireland revenue up 5.4pc

13 Nov 2008

As results for BT Ireland’s half year until 30 September came out today, it was reported that revenue was up by 5.4pc to £392.4m sterling – a rise BT has attributed to new partnerships and areas of investment.

While BT has managed to acquire key public sector contracts including HEAnet, Waterford Regional Hospital, the Department of Finance and Personnel (NI) and the Department of the Environment (NI), it has also secured solid business contracts with the likes of Enable Ireland, EMC and Thomas Crosbie Holdings.

According to BT, new partnership agreements with prominent IT firms including Cisco, Avaya and HP further boosted revenue.

Future Human

NGN (next-generation network) investment has also featured on the BT agenda during this half-year, with investment in local loop unbundling (LLU) providing 24MB broadband connectivity to over 330,000 homes and businesses so far.

With connections growing by 10pc this year, BT is Ireland’s second-largest DSL broadband provider and has almost 81,500 customers to date.

Chris Clark (pictured), CEO of BT, said the results were strong and were “delivered against a backdrop of aggressive competition and a difficult economic environment.”

“Our key financial indicators – revenue, EBITDA, gross margin and cash flow – all continue to perform well, and our relentless focus on cost transformation and profitability is paying dividends.”

By Marie Boran

Pictured:Chris Clark, chief executive officer, and Graham Sutherland, chief financial officer