Telenet raises earnings forecast

Telenet, the Belgian cable operator controlled by Liberty Global, has raised its profit forecast as customers sign up to more products and higher-priced broadband Internet and mobile-telephony contracts.

Adjusted earnings before EBITDA will increase 7.5 per cent to about €719 million this year, the company said. That compares with an earlier forecast of at least €706 million.

“Sales were a bit soft in July and August, but rebounded in September,” Chief Executive Officer Duco Sickinghe told reporters.