Mobile phone services company Zamano has said it expects EBITDA to be €2.3 million for the first half of the year.

The firm, which is holding its AGM today, said this figure is in line with market expectations.

In a trading update released this morning, Zamano said a fall in revenue had been offset by lower operating costs.

And the firm's net debt was reduced by 18% in the first six months of the year, narrowing from €7.2 million to €5.9 million, with strong cash generation credited for the development.