3 Ireland says net losses narrowed by a third last year; turnover rose 53%

Hutchison Whampoa’s Irish third-generation (3G) mobile operator 3 Ireland booked a 31% year-on-year fall in pre-tax losses last year, on revenue that climbed 53% to EUR150 million (USD200 million). The cellco says the turnaround was driven by strong subscriber gains in the Republic and increased data usage. 3 Ireland closed out the year with a 6.9% share of the local mobile market compared to 6.6% a year earlier, according to TeleGeography’s GlobalComms Database.

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OVETEL 3 Ireland says net losses narrowed by a third last year; turnover rose 53%