Feeds

UPC Ireland grows broadband customers by 20%

And invests almost €1bn in upgrading its network

Designing a Defense for Mobile Applications

UPC Ireland, the parent company of NTL Ireland and Chorus, has brought nearly 8,000 new broadband customers into its fold in the third quarter of 2006.

The firm's broadband customer figures stood at 48,200 as of 30 September - a sequential jump of 20 per cent. The number of homes currently enabled for broadband rose 23,100 to 282,400 for the quarter, and the company's total subscriber base increased slightly to 595,100 as of the end of September.

"Our broadband growth rate was 20 per cent in the past quarter, and that rate of growth accelerated even more in October," said Robert Dunn, UPC Ireland's chief executive officer. "We're really punching above our weight when it comes to broadband."

UPC Ireland is currently in the middle of upgrading its network as it bids to take advantage of what Dunn believes is a broadband market with plenty of opportunity.

"We want to upgrade as fast as we can and reap the benefits of the growing opportunities in the Irish broadband market," Dunn said. "We've been quite low key this year as we've been working at getting as many of our homes upgraded as possible."

All of this upgrading work doesn't come cheap, however, yet UPC Ireland's parent company Liberty Global seems happy to invest in Ireland, as the subscriber and financial growth in the country has exceeded expectations to date, said Dunn. He estimated the amount invested by Liberty Global shareholders in UPC Ireland's upgrade work to 2008 will come in at between €800m and €1bn.

As well as broadband, UPC Ireland is also concentrating its efforts on accelerating its voice service launch; it currently has voice-enabled 24,200 homes, although to date take-up has been relatively slow with just 300 voice subscribers by the end of September.

This figure should grow significantly over coming months as the company concentrates on an "aggressive" roll-out of its triple play services, according to Dunn. He reckons the company's triple play product, which includes a voice element, has gone down reasonably well in new developments such as Adamstown in Lucan, County Dublin. Dunn was quick to point out though that UPC Ireland is not confining its triple play offering to new housing developments.

UPC Ireland's subscriber figures were outlined in its parent company's financial results, which were released on Thursday. Liberty Global recorded year-on-year revenue growth of 47 per cent at $1.62bn, while net earnings jumped from a loss of $128m for the year ago quarter to profits of $445m for the latest quarter.

UPC Ireland's figures were combined with Liberty Global's operations in Belgium, and while Dunn was unable to give a country breakdown for Ireland, he did say that UPC Ireland's revenues were likely to exceed €200m for the full year 2006.

Copyright © 2006, ENN

Securing Web Applications Made Simple and Scalable

More from The Register

next story
GoTenna: How does this 'magic' work?
An ideal product if you believe the Earth is flat
Google Nest, ARM, Samsung pull out Thread to strangle ZigBee
But there's a flaw in Google's IP-based IoT system
Orange spent weekend spamming customers with TXTs
Zero, not infinity, is the Magic Number customers want
US freemium mobile network eyes up Europe
FreedomPop touts 'free' calls, texts and data
Want to beat Verizon's slow Netflix? Get a VPN
Exec finds stream speed climbs when smuggled out
'Two-speed internet' storm turns FCC.gov into zero-speed website
Deadline for comments on net neutrality shake-up extended to Friday
NBN Co execs: No FTTN product until 2015
Faster? Not yet. Cheaper? No data
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.