Tele Columbus, the third largest German cable operator, published its financials for the first half of fiscal year 2017. The Group again reported solid growth with revenues of €245.4 million – an increase of 4 per cent year on year.
As of June 30th 2017, the Group reported approximately 3.6 million homes connected in-line with management’s FY2017 and mid-term outlook. The number of homes connected and upgraded for two-way communication on own network increased by 4.1 per cent year on year to 2.31 million which represents a ratio of 64 per cent. Moreover, the Company served 2.39 million subscribers which translates into 2.39 million Cable TV RGUs (Revenue Generating Units), 430,000 Premium TV RGUs, 549,000 Internet RGUs and 528,000 Telephony RGUs. This represents an increase of 14,000 Internet and 15,000 Telephony RGUs versus the end of the previous quarter. Therefore, the number of RGUs per subscriber again increased successfully to 1.63x, up from 1.62x at the end of the first quarter while the total blended average revenues per user (ARPU) rose significantly from €17 per month in the first quarter 2017 to €17.8 as of June 30th.
In a statement, Tele Columbus said: After a strong start into the year, Tele Columbus’ management board is confident to reach all of its targets for FY2017. This should be further supported by the upcoming rebranding and new tariff portfolio which will be launched in the course of Q3. The Company’s new and attractive propositions as well as its disruptive tariff features should continue to drive revenue growth in H2 and further scale the business. The operational programme of integrating Tele Columbus, primacom and pepcom is well under execution, with recent milestones being a single Network Operations Centre for instance. Moreover, the consolidation of IT estates has started. Noteworthy, all of Tele Columbus’ customers were successfully migrated by mid-year. As a result, the lifting of synergies in H2 is seen to accelerate the Company’s bottom-line thanks to cost consciousness and the savings from site closures. Conclusively, management’s targeted EBITDA synergies are materializing as planned and the €34 million run-rate per annum is confirmed.”