The IFA’s phone and broadband sales are down 25 per cent, but the EIF levy is at its highest in years
IFA’s revenue from the sale of broadband and phone services has fallen nearly 25 percent since 2015, while revenues from the controversial EIF levy last year were the highest since 2019.
The IFA published its 2022 annual accounts last month, showing that the association recorded an operating surplus of €313,080 up to the year-end on 31 March 2022.
However, the association’s revenues from its once lucrative telecommunications business amounted to only 5.6 million euros in 2022, falling for the eighth year in a row. In 2015, revenues from the sale of broadband and telephone services amounted to over 7.3 million euros.
The Irish communications market has changed dramatically since the formation of IFA Telecom in 2003 and is now dominated by four main players – Eir, Virgin Media, Vodafone and Sky – which account for around 90 per cent of the market for broadband and telephone services.
According to recent Comreg data, IFA Telecom is among a host of other operators that make up the remaining 10 percent of the market.
The IFA has now confirmed this Independent Farming Revenue from the EIF levy collected from supermarkets, meat factories and co-ops rose to €3.04 million – the highest level since 2019.
IFA surcharges have been declining in recent years, falling to a low of €2.7m in 2020. Last year’s increase was attributed to higher prices for milk and cattle.
https://www.independent.ie/business/farming/news/ifa-news/ifa-phone-and-broadband-sales-drop-25pc-but-eif-levy-returns-highest-in-years-42273777.html The IFA’s phone and broadband sales are down 25 per cent, but the EIF levy is at its highest in years