Eir says over half of broadband customers are connected to fibre

3 Nov 2016129 Shares

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Eir reported that 53pc of its total broadband base is now connected to fibre. Image: Alex Polo/Shutterstock

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Eir this morning (3 November) reported a 1pc increase in Q1 revenues to €327m, revealing that it has spent €415m on its fibre roll-out.

With 53pc of its total broadband base connected to its fibre network, Eir announced that 1.6m premises are now passed with fibre technologies.

It said that 29pc of its direct customer base have taken up high-speed broadband services, out of which 34,000 currently have direct fibre to the home.

‘To date, we have spent €415m on our fibre network passing 68pc of Irish premises, and a total of €1.3bn on investment in the past three years’
– RICHARD MOAT

CFO Huib Costermans said that the company has reduced operating costs by 4pc.

EBITDA for the quarter was €122m, an increase of 1pc.

In mobile, Eir reported revenues of €88m, down €3m on last year with EBITDA falling by €2m, which the company attributed to increased marketing and bundling.

Fibre up

Eir said the total group broadband customer base was 867,000 premises as of 30 September, up by 69,000, or 9pc, compared with last year.

Wholesale broadband connections were up 80,000 on last year to 424,000 connections on 30 September.

Some 463,000 customers were using fibre-based broadband services, up 35,000.

“We are firmly committed to our investment in fibre, particularly our rural 300,000 roll-out programme which will be completed by the end of 2018,” said Richard Moat, CEO of Eir.

“This means 1.9m homes and businesses, or over 80pc of all premises in Ireland, will have access to high-speed broadband in just over two years.

“To date, we have spent €415m on our fibre network passing 68pc of Irish premises, and a total of €1.3bn on investment in the past three years.

“Our complementary mobile infrastructure, offering high-speed mobile data, is available to 88pc of the population,” Moat added.

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Editor John Kennedy is an award-winning technology journalist.

editorial@siliconrepublic.com