Roads, concreate and broadband - an expensive mix

cgarvey

Irish broadband (majority held by NTR and Kilsaran Concrete) posted a pre-tax loss of €22.5m (or over €400 per customer). So with a WiMAX roll out, new locations, expanded capacity in existing locations, is it all bad? Should 200+ employees be worried that losses went up 47% while revenues rose by 47%

IBB are now facing an issue whereby if you (over)sell an under-performaing product in large metropolitan areas, you quickly realise that there is competition there! Will there be new customers to maintain that revenue growth? IBB don't think so anyway.

Full ENN story

smellslikeshoes

Not surprising really, IBB was a shambles 2 years ago, definitely being one of the worst providers in the country. Since then they have cleaned up their act, which I would think is definitely down to heavy investment and heavy recruiting, which is reflected in their operating losses

watty

They were losing money before sorting it all out.
They have been up for sale to the right bidder for over a year I think. The current sub prime thing / Stock market is not good for investment/buyouts.

thefinalstage

Its all good. The people who own the toll bridge own Irish Broadand. So they are making a net profit.

dahamsta

Companies like to hold onto loss-making divisions now? Who knew?

thefinalstage

dahamsta wrote: »

Companies like to hold onto loss-making divisions now? Who knew?

They can't sell it.