Wednesday, November 11, 2009

Europe's Interoute Reports Rapid Growth

Interoute Communications, which operates a pan-European fiber network, announced EBITDA of €22.7m for the first six months of 2009, a 155% increase over 2008. Despite the deep recession that has seen a decline in growth for many operators in the telecommunications industry, Interoute has increased its revenues by eleven per cent during January to June 2009 to report €129m.

Commenting on the results Gareth Williams, Interoute CEO, said, "We are particularly proud to have taken Interoute to operational profitability during this global recession at a time when other operators are seeing their growth rate stagnate or decline. More broadly, to have built a successful communications company following the collapse of the telecoms boom at the beginning of this decade, proves that our unique approach to building a pan-European fibre backbone has paid off."