MAN operator E-net reports 70% rise in profit

9 Sep 2011

Privately owned telecoms operator E-Net, which owns the Irish government’s metropolitan area networks (MANs) in 94 locations across the Republic, has reported a 20% year-on-year rise in turnover to EUR17.5 million (USD24.5 million) and a 70% increase in net profit to EUR2.9 million. In releasing its results for the twelve months to 30 April 2011, E-Net forecast full-year revenue growth of 26% in its current fiscal year, driven by strong demand for fibre. notes that the carrier, which employs 51 staff, includes a number of leading telecoms service providers such as BT, Vodafone, Magnet and UPC among its customers. Commenting on the results, E-Net chief executive Conal Henry said the firm’s MANs have had a positive impact on improving the range, quality and competitiveness of communications for both businesses and households in Ireland. Henry sees that ‘the future is fibre, specifically open access fibre’, adding that his company is seeing ‘strong demand for connectivity to individual premises with firms demanding up to 1Gbps with one firm demanding 10Gbps connectivity.’