Enterprise customers powered a strong first half for European fiber network operator Interoute, with earnings up on the back of a 20% rise in revenue.
The firm grew EBITDA from €28 million at end 1H10 to €29.4 million this year as revenue hit €167 million on the back of high demand for Interoute’s telepresence, managed services and pan-European broadband capacity.
Chief Gareth Williams says the speed at which the firm can deliver managed services was a key selling point in the first half. “The economics of ICT has been turned on its head, and organizations are demanding flexible and cost-effective computing and ICT services.
Interoute claims to operate Europe’s largest fiber network, with 60,000km active and eight hosting centers across the region. The firm also provides onward connectivity to the Middle East and Africa, and the Americas.