BT earns first profit from the Republic of Ireland
BT earns first profit from the Republic of Ireland
Dylan Bushell-Embling |
February 08, 2010
telecomseurope.net
Thumbnail:
UK-based operator BT’s investment in the Republic of Ireland has started to pay off after it generated its first profit in the country in a decade.
The operator's three Irish units – BT Group Ireland, BT Net Ireland and BT Communications Ireland – earned a combined pre-tax profit of €2.13 million ($2.9 million) from the region in FY09, compared to a €21.3 million loss in FY08, according to financial accounts acquired by The Irish Times.
BT Communications Ireland almost halved its pre-tax losses from the Republic, to €24.4 million from €44.1 million.
ISP and data hosting unit BT Net had the most success in the region, earning €10.75 million from revenues of €32 million.
Managing director Chris Clark told the Times the group had been undergoing a strategic refocus since August last year, when it transferred its consumer and small business customers to Vodafone, and arranged a seven-year wholesale service agreement.
BT has been operating in Ireland since 1999, since it purchased Esat Telecom for €290 million.
Source:
Facebook
Twitter
LinkedIn
Digg
0 comments
Email
PrintSimilar
Tell Us What You Think
News Today Title Only
Recent popular content
Video from Telecom Channel
Expand the roaming pie
Roaming hubs enable smaller players to scale quicker, at a lower cost and tap new revenue sources.
read more
analystwire_opinion_blog
Coordinated approach brings a summer of regulatory certainty for low-density areas
features_industryview
VoIP players are pushing the mobile industry to consider HD voice
Dynamic SIM allocation helps telcos avoid the need to buy and commission more network platforms than are actually required
businessweek_thewrap
Frontpage Content by Category with Image
Ericsson
Deciding when and where to use MPLS to improve end-to-end packet performance
Deciding when and where to use MPLS to improve end-to-end packet performance
Ericsson
VAMOS doubles voice capacity in GSM without further hardware investment
VAMOS doubles voice capacity in GSM without further hardware investment
Frontpage Content by Category
Industry experts forecast trends in a decade. One key theme: the hardest decisions will not be about technologies, but the business models to monetize them
