View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
July 29, 1994

TELECOM EIREANN SEES PARTNER IN AUTUMN

By CBR Staff Writer

Announcing its figures yesterday, state-owned Telecom Eireann said it will report to the Irish Minister for Transport, Energy & Communications on the issue of strategic alliances and the options available to it. It has written to more than 30 potential partners worldwide, all of which have replied. Cable & Wireless Plc has of course expressed an interest in a strategic alliance or joint venture. The phone company reported pre-tax profits for the year to March 31 down 13.8% at the equivalent of $52.5m on turnover up 7% to $565m. It says it has cut debt by $37m to $609m, provided a $18.16 dividend to the state and invested $106.4m on its networks. Reducing costs, responding to competition and dealing with the increasing global nature of telecommunications business remain major strategic issues: the two principal costs it is addressing are payroll and debt redemption. It admits its current debt, $609m, is excessively high. Total calls made grew 4%, mainly because of the increase in international traffic, up 9%, and trunk calls, up 13%, but the number of local calls fell 2%. International calls on some routes grew by up to 70% after price changes. It now has 1.17m lines and its mobile service grew to 61,000 subscribers.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU