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Tele Columbus, the third largest German cable operator, published its financials for the first quarter of fiscal year 2017. The Group successfully continued on its growth path recording a 4.3 per cent revenue increase year on year to € 121 million.
As of March 31st 2017, the Group continued to have a stable 3.6 million homes connected, serving 2.4 million customers. Cable TV RGUs (Revenue Generating Units) amounted to 2.4 million while Premium TV RGUs reached 430k. During the first quarter 2017, Internet RGUs rose substantially to 535k which is an increase of 15k net additions quarter over quarter.
“Despite the ongoing integration of primacom and pepcom, the currently running migration of our systems as well as the recently launched rebranding project, our day to day business is running very smoothly. Therefore, I am very pleased that we ended the first quarter with increasing revenues and disproportionate Normalised EBITDA growth year on year”, said Ronny Verhelst, CEO of Tele Columbus Group. “The successful results show that we are very well on track setting up the company as a strong new attacker in the market to take advantage of the numerous chances in our industry.”