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Eir's half year results in line with expectations

Eir said its postpay mobile base increased by 11% to 1,041,000 customers in the first half of 2023
Eir said its postpay mobile base increased by 11% to 1,041,000 customers in the first half of 2023

Telecoms firm Eir has reported higher revenues and customers numbers for the six months to the end of June - in line with its expectations.

Eir said its half year revenues rose by €22m - or 7% - to €318m, while the company's earnings before interest, tax, depreciation and amortisation were up 3% to €145m.

The company's operating costs grew by 2% to €99m during the six month period.

Eir's total fibre broadband base increased by 2% to 852,000 customers, and its postpay mobile base increased by 11% to 1,041,000 customers.

It noted that multi-play bundling accounted for 48% of eir fixed households, up 7 percentage points year on year.

Total mobile customers rose by 107,000, but the company ended the six month period with 13,000 fewer broadband users to stand at a total of 945,000, down 1%.

The company said its fibre to the home (FTTH) roll-out continues and it remains on track to deliver high-speed broadband to 1.9 million premises or 84% of homes and businesses in Ireland by 2026.

"Eir now has more than one million customers in our postpay mobile base, connects 852,000 homes and businesses to fibre broadband and brings ultrafast 5G to 567 towns and cities across Ireland," the company's chief executive Oliver Loomes said.

"Behind these numbers, there is a continuous drive to deliver a step-change in our customer care. The latest ComReg Consumer Line statistics report for Q2 2023 showed that eir's fixed line complaints dropped 28% and mobile complaints dropped 20% since the last report," Mr Loomes noted.