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German pay-TV provider Sky Deutschland has reported Q2 core profits rose 8.5 per cent as subscriber cancellations dropped to a record low. The company reported Q2 EBITDA of €45.3 million. Net subscriber numbers increased by 82,000 during the second quarter.
For the new 2014/15 fiscal year, Sky Deutschland expects EBITDA of between €80 million and €110 million and expects to add 400,000-450,000 new subscribers by June 2015. Sky Deutschland had previously said it expected to realise that number by December of this year.
Last month BSkyB offered holders of Sky Deutschland shares €6.75 per share as part of its plan to combine it with BSkyB and Sky Italia to create a media powerhouse with 20 million customers. The 57 per cent held by Fox was sold to BSkyB other shareholders are demanding a higher price.