E-net reports 30.5% rise in turnover in 2008

28 Aug 2009

E-net, Ireland’s state-owned metropolitan area networks (MANs) operator in 93 cities and towns in the Republic, generated revenues of EUR9.4 million (USD13.4 million) in 2008, up 30.5% year-on-year, writes the Irish Times. Although the company is still in the red, it expects to enter the black in 2009 on the back of ‘double-digit’ revenue growth.

E-net was set up in 2004 and won a contract to manage, maintain and operate phase one of the Republic’s MANs scheme, which involved the deployment of fibre-optic networks in 27 provincial towns to allow suppliers to provide broadband access and next generation services. E-net takes a share of the revenue for wholesaling services on the networks.