Eircom has reported revenues of €311m for its fiscal third quarter, down 1% year on year.

The company said the rate of revenue decline is improving. 

Its operating costs for the three months to the end of March are down 6%, while it also reported earnings of €120m, up 8% year on year.

Eircom said that revenues in its fixed line business fell by 3% to 235m compared to the same time the previous year. But the decline was partially offset  by operating cost savings. 

In its mobile operations, revenues rose by 5% to €87m for the three month period, while mobile EBITDA jumped by 116% to €19m.

The company said that it saw 9,000 new postpaid customers in the quarter and said it now has over 250,000 4G customers.

Eircom said its total broadband customer based stood at 766,000 at the end of March, up 18,000 on a quarterly basis. 

Its retail broadband base stood at 456,000 at the end of March, falling by 4,000 in the quarter as a result of price changes announced during the quarter. 

Broadband lines in its wholesale business were up 22,000 during the quarter to a total of 310,000. 242,000 customers were using Eircom's fibre based high speed broadband services, which the company said represented over 21% penetration of premises passed.

Eircom said that 22% of its customers now have TV and mobile bundle deals with the company.

The company also announced today the appointment of Huib Costermans as its Chief Financial Officer and Erik Slooten as Chief Information Officer. 

"The financial performance of the group in the third quarter is highly encouraging - the business is nearing an inflection point with fixed line revenues flattening year on year and mobile performance strengthening," commented Eircom's Richard Moat. 

"With revenues stabilising and continued focus on cost control, the group is firmly on track to achieve its financial targets for the year," he added.

Mr Moat also said that due to favourable capital market conditions and the company's strong operating performance, the company had recently launched a process to extend its senior load facilities. 

"The main objectives of the process are to extend the maturity of the debt and to amend certain conditions to allow greater strategic and operational flexibility, whilst also aligning loan documentation to current market standards," he added.