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Bitbuzz revenues up 11pc in half year

Tuesday, August 19 11:31:15

Irish Wi-Fi network operator, Bitbuzz, today said that the first half of this year saw revenues rise by 11pc to E1.102m as subscriber numbers rose sharply.

In terms of operations, Bitbuzz had a total of 2,978,490 registered users by the end of June 2014. The corresponding figure for the first six months to the end of June 2013 was 1,514,540, representing an increase of 49pc.

It also noted a significant growth in the total number of logins per month, which now exceeds 1,519,660, almost treble the 550,000 average monthly logins recorded in 2013. Bitbuzz is now seeing an average of over 50,000 logins every day, it said.

The total number of Bitbuzz Wi-Fi hotspots across Ireland at the end of June 2014 was 522, representing a year-on-year increase of 12pc.

To mark the 500th hotspot, Bitbuzz also announced a contract win with the Radisson Blu Sligo on the back of being appointed as an approved supplier to the Radisson Hotel Group in Ireland, highlighting another landmark for the wholly-Irish owned company.

Shane Deasy, Managing Director of Bitbuzz said expansion in to the UK is progressing.

"We are extremely pleased with the growth we are experiencing in 2014 so far. We are starting to see the results of our hard work in the UK, as we now supply the same number of hotels in the United Kingdom as we do in Ireland."

"In Ireland, we are continuing to see the knock on effect of increased appetite for Wi-Fi amongst consumers with a marked increase in business with Costa Coffee, Spar and Applegreen and Insomnia. We attribute the continued growth of daily logins to the simplified login process we introduced early this year, which has proved extremely popular with users, as the number of smartphones and tablet computers in the country continues to grow," Mr Deasy added.