Imagine Telecommunications narrowed its losses last year to €12.2m from almost €20m in 2021, newly-filed accounts for the business show. Imagine, whose founder Sean Bolger died earlier this year, saw its revenue edge 5pc higher to €33.8m in 2022. The telecoms group had accumulated losses of €195m at the end of 2022 and a shareholders’ deficit of €6.7m. The Irish group is controlled by Canada’s Brookfield Asset Management, which first took a stake in Imagine back in 2018. The new spectrum is in the 2.3Ghz and 2.6Ghz bands, which Imagine said are strategically important to delivering 5G services.

Source: Irish Independent December 05, 2023 10:15 UTC