Belgacom reports solid 2008
Belgium's dominant telco Belgacom TV has reported growth in 2008 exceeded that of the previous year, with the company adding 201,000 new subscribers. Growth peaked in the fourth quarter of the year, with the company adding 63,000 IPTV subscribers in the three-month period. By the end of 2008, the company had a 30 per cent share of the Belgian digital TV market.
Belgacom reported that it managed to increase its market share in the digital TV domain to 30 per cent by the end of 2008. The number of homes passed also increased significantly: at the end of 2008, over 86 per cent of Belgian households could access Belgacom TV and in excess of 64 per cent could view in HD.
Revenue, excluding non-recurring items, last year fell 1.4 per cent to E5.98 billion. EBITDA before non-recurring items fell 4.2 per cent to E1.99 billion.