UPC sees subs and revenue growth
November 2, 2017
After experiencing a slight decline in revenue in the past two quarters, UPC is back on course for growth in Switzerland in the third quarter. Revenue increased to CHF 340 million (€292m) in Q3 2017 – a year-on-year increase of 1.2 per cent. The number of fixed network and Mobile subscriptions increased by 14,000 in the third quarter of 2017. Together with the steadily growing segments of Mobile and business customers, the new Swiss sports TV channel, MySports, which was launched on September 8th, contributed to this growth.
As part of the Autostrada investment programme, a provider of communication and entertainment, a further 15,000 homes connected to its fibre optic cable network in the reporting period in Switzerland and Austria.
- Growth in subscriptions and revenue: The third quarter of 2017 saw an increase in business volume. Revenue increased by 1.2 per cent compared with the same quarter last year. The number of subscriptions increased by 14,000 to 2.62 million.
- MySports: On September 8th, MySports went on air with various exclusive content. On September 30th, three weeks after the channel’s launch, our MySports Pro package already had more than 26,000 subscribers. In addition, more than 3 million homes in Switzerland receive the basic channel, MySports Basic, at no additional cost – 1.2 million of those through UPC.
- Mobile: In summer, UPC launched unique Mobile subscriptions that allow customers to browse the web, make calls and send texts in the EU without incurring roaming charges. These offers are unique on the market. This is one of the reasons why UPC topped the 100,000 mark for Mobile subscribers for the first time at the end of September 2017.
- Business customers: UPC’s business customer segment has been growing steadily and at an above-average rate for years and now makes up 11 per cent of UPC’s total revenue. The product range is being developed further all the time and adapted to meet customer needs. In addition, the business unit’s expertise in the area of VoIP is proving to be important, since other providers will be switching off outdated analogue telephony in the near future.