eircom Announces fibre roll out

10belowzero

eircom Announces Over €100M Investment in Phase 1 of Planned Fibre Rollout
Television to Launch in 2012

eircom Group today announced Phase 1 of a plan to significantly upgrade Ireland’s telecommunications infrastructure by rolling out fibre based access technologies delivering superfast broadband to customers. Separately, the company also announced it will launch television services next year.

The company intends to serve 100,000 premises by summer 2012 in Phase 1 of a planned multi-year rollout that envisages fibre based services to one million homes and businesses in Ireland. This will involve an initial investment of over €100 million, upgrading the existing copper access network with fibre to the cabinet (FTTC) and fibre to the home (FTTH) technologies.

These developments build on the company’s plans to restructure its debt and its recent Wholesale Reform announcement. The upgrade will provide Ireland with a range of faster broadband speeds and a platform to allow wholesale customers and ICT providers to introduce exciting new services and applications via the eircom network. Specific speeds will vary according to the technology used. FTTC will support speeds of up to 40Mbps and beyond, while FTTH supports speeds of up to 150Mbps.

eircom to Launch IPTV Services from Mid 2012

Separately, eircom intends to launch a range of entertainment services over fibre including television via a customer’s broadband connection (IPTV), video on demand, catch up TV and social media via TV.

These new services will complement our existing value added services such as eircom MusicHub, to offer customers a complete range of content to the device of their choice in their home.

Commenting on the announcement, Paul Donovan, CEO eircom Group, said “Our investment of over €100 million underlines the company’s commitment to be the nation’s network provider of choice and to support economic growth in Ireland.

“The introduction of television and entertainment services is extremely exciting and underlines how far the company has progressed during the past two years. We are determined to offer quality products and services that are relevant and offer real value to our customers. Today is the next step in that journey. This is good news for the industry, good news for our employees and good news for Ireland.”

Good news indeed for Ireland - copied from eircom.ie web site 28/7/2011

Fotish

10belowzero wrote: »

eircom Announces Over €100M Investment in Phase 1 of Planned Fibre Rollout
Television to Launch in 2012

eircom Group today announced Phase 1 of a plan to significantly upgrade Ireland’s telecommunications infrastructure by rolling out fibre based access technologies delivering superfast broadband to customers. Separately, the company also announced it will launch television services next year.

The company intends to serve 100,000 premises by summer 2012 in Phase 1 of a planned multi-year rollout that envisages fibre based services to one million homes and businesses in Ireland. This will involve an initial investment of over €100 million, upgrading the existing copper access network with fibre to the cabinet (FTTC) and fibre to the home (FTTH) technologies.

These developments build on the company’s plans to restructure its debt and its recent Wholesale Reform announcement. The upgrade will provide Ireland with a range of faster broadband speeds and a platform to allow wholesale customers and ICT providers to introduce exciting new services and applications via the eircom network. Specific speeds will vary according to the technology used. FTTC will support speeds of up to 40Mbps and beyond, while FTTH supports speeds of up to 150Mbps.

eircom to Launch IPTV Services from Mid 2012

Separately, eircom intends to launch a range of entertainment services over fibre including television via a customer’s broadband connection (IPTV), video on demand, catch up TV and social media via TV.

These new services will complement our existing value added services such as eircom MusicHub, to offer customers a complete range of content to the device of their choice in their home.

Commenting on the announcement, Paul Donovan, CEO eircom Group, said “Our investment of over €100 million underlines the company’s commitment to be the nation’s network provider of choice and to support economic growth in Ireland.

“The introduction of television and entertainment services is extremely exciting and underlines how far the company has progressed during the past two years. We are determined to offer quality products and services that are relevant and offer real value to our customers. Today is the next step in that journey. This is good news for the industry, good news for our employees and good news for Ireland.”

Good news indeed for Ireland - copied from eircom.ie web site 28/7/2011

Anybody know what company got the contract for the Rollout ?

hellboy99

Title of this thread should be changed to, "Eircom Announces fibre roll out for Dublin".

When can the rest of us that are not "privileged" to be living in Dublin expect to see fibre broadband and why is it that Eircom always put all they're money into Dublin?

Captain Chaos

hellboy99 wrote: »

always put all they're money into Dublin?

Because 1/3 of the population of the country live in Dublin. Makes sense. They want a return on their investment fast. That's not going to happen quicker anywhere else. Economies of scale 101.

And besides, UPC have killed Eircom's Dublin customer base big time, they need to fight back or UPC will have total consumer base of Dublin within a few years.

Jagle

10belowzero wrote: »

Separately, the company also announced it will launch television services next year.

WHAT? they cant get internet right and now they are launching a tv service? whats wrong with RTE?

god if this turns out to be tax funded ill have officially lost hope

hellboy99

Captain Chaos wrote: »

UPC have killed Eircom's Dublin customer base big time, they need to fight back or UPC will have total consumer base of Dublin within a few years.

But will they be able to fight back deal and price wise? Nationwide at the minute they can't even compete with other broadband competitors, even ones that are using Eircom lines.

neiphin

"Friday June 17 2011

EIRCOM'S bonds plunged in the secondary market yesterday over reports the company could try to renege on €1bn of debt.

The price paid in the markets for a €350m slice of floating rate notes (FRN) fell from just under 30pc of face value to the low 20s traders said.

It came after two sources told the Bloomberg news service that Eircom could seek haircuts on its subordinated debts -- including the FRNs and a €343m bigger slice of even lower ranked payment in kind (PIK) notes.

Second-lien loans -- which sit between the senior and subordinated debt -- could be offered shares in the company in exchange for their loans, the source said."

ninjasurfer1

Jagle wrote: »

god if this turns out to be tax funded ill have officially lost hope

Paul Donovan, Eircom’s chief executive, said the cash-strapped company would fund the investment from its own resources. “We can fund this from free cash flow,” he said. “We have roughly €400 million in cash on hand.”

http://www.irishtimes.com/newspaper/finance/2011/0729/1224301561129.html

hellboy99

Is this fibre roll out still going to go ahead:

Eircom tight-lipped over report it may opt for examinership
Friday August 05 2011

EIRCOM last night refused to comment on reports it could seek an examinership if efforts to find an agreed solution to its debt crisis fail.

It comes after a report on the news service Capital Structure that said Eircom was "assessing the pros and cons of an examinership" if talks with lenders owed €3.75bn fail to come up with a plan for the company.

According to the reports, a source close to the company said examinership could be an option if Eircom could not reach agreement with lenders and shareholders on how to restructure its €3.75bn of debt.

Rest of article can be found here: http://www.independent.ie/business/irish/eircom-tightlipped-over-report-it-may-opt-for-examinership-2840548.html