BT Ireland posts 26% revenue rise

BT Ireland reported a 26% rise in revenues to 470 million euros for the year ended March, a Daily Mail news report said.

The report said that while BT's market share in the corporate division was second only to rival Eircom at 22%, its share of the residential market was stuck at about 5%, with a similar share of the market in the small and medium business sector.

The company had pinned its hopes on gaining access to Eircom exchanges through the hot issue of local loop unbundling, but was forced to pull out of negotiations, claiming that Eircom had put up roadblocks to competition at every turn, the report said.

Eircom's policy of doing everything possible to defy the regulator and stymie competition had so far worked for the former state telecom monopoly, which was in takeover talks with Australian investment firm Babcock and Brown and its own employees' shareholder organization, the report said.