E-net, the firm responsible for managing the Irish State’s investment in fibre rings that encircle 93 towns, reported a turnover of €9.4m for the year, up 30pc on last year.
E-net attributed the revenue growth from €7.2m last year to €9.4m this year to increasing data traffic on its fibre rings.
The company had been responsible for the first phase of the Government’s investment in 24 key towns and in recent months secured the phase 2 contract which will bring the total number of MANs under management to 93 towns.
“E-net has continued to deliver against our financial targets with strong, consistent and on-plan growth,” explained chief executive Conal Henry.
“A turnover of €9.4 million represents significant growth and development, particularly in light of difficult trading conditions,” Henry said.
E-net currently employs 37 staff and partners with leading telecoms service providers such as BT, Vodafone, O2, Smart Telecom and UPC.
By John Kennedy
Pictured: E-net CEO Conal Henry and Communications Minister Eamon Ryan TD