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Esat BT reaches key earnings target

  • 25-07-2002 10:58am
    #1
    dahamsta
    Banned (with Prison Access) Posts: 16,659 ✭✭✭✭


    ElectricNews.Net
    Esat BT has become the first of BT's European Ignite operations to become EBITDA positive, thanks in part to a rebate it received from Eircom.
    The BT Group said on Thursday that Esat BT had positive earnings before interest, tax, depreciation and amortisation of STG3 million in the three months to June. A statement from the company said that legal rulings on backdated regulatory decisions contributed to the Irish operation's performance.


Comments

  • #2
    dahamsta
    Banned (with Prison Access) Posts: 16,659 ✭✭✭✭dahamsta


    ElectricNews.Net
    The same paper says that Colt Telecom reported that both turnover and core earnings had exceeded expectations for a second consecutive quarter. Colt said earnings before interest, tax, depreciation and amortisation (EBITDA) reached STG14.7 million in the second quarter, compared with STG9.8 million in the previous quarter. The UK-based company also announced that Steve Akin, a senior manager at Fidelity Investments, would replace Peter Manning as chief executive.
    Telco's around the world may be in trouble, but it won't take long for them to recover over here. Not when they're taking us to the cleaners every day.

    adam


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