Unitymedia Q3 profit up
November 20, 2008
Unitymedia, Germany’s second biggest cable provider has posted higher net profit and sales, which were mainly boosted by new broadband and fixed line services. Net profit for the quarter ended September 30th was up to E16.4 million from E12.1 million in the year-earlier quarter.
“Compared with the prior quarter, cable network providers had higher growth rates in the third quarter in the broadband market than many other broadband providers. Customers are switching from broadband providers to cable,” Unitymedia Chief Executive Parm Sandhu commented.
Sales for the period were up to E288.3 million from E272.8 million. The arena satellite platform lost 113,000 customers compared with the year-earlier period, leaving the subscriber base at 221,000 as of September 30th.