BT earns first profit from the Republic of Ireland
Dylan Bushell-Embling |
February 08, 2010
telecomseurope.net
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.
Links:
[1] http://www.irishtimes.com/newspaper/finance/2010/0205/1224263812873.html
[2] http://www.telecomseurope.net/telecomseurope.net
[3] http://www.digg.com/submit?url=&title=BT earns first profit from the Republic of Ireland&bodytext=Strategic refocus paying off
[4] http://www.telecomseurope.net/content/bt-earns-first-profit-republic-ireland#comment
[5] http://www.telecomseurope.net/print/9108
[6] http://www.telecomseurope.net/tag/bt
[7] http://www.telecomseurope.net/tag/earnings
[8] http://www.telecomseurope.net/tag/ireland
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