Canal Digital profit up
February 12, 2009
Telenor Broadcast's Canal Digital added 12,000 DTH subscribers in the fourth quarter of 2008, ending the year with 1.113 million, down slightly from 1.131 million in 2007. The number of cable households increased by 5,000 in the three months to December 31, ending the year at 746,000, compared with 705,000 in 2007.
Canal Digital posted revenues of NOK6.392bn (E734m) for 2008, up from NOK5.765bn a year-earlier. The operator reported an operating profit of NOK174m for the year, down from NOK502m in 2007. Telenor said revenues in the Canal Digital Group increased primarily due to higher numbers of cable TV subscribers and higher sales of additional services including hardware both to cable and DTH subscribers. Telenor Broadcast reported total revenues, including those of the Canal Digital Group, of NOK8.170bn for the full year, compared with NOK7.137bn in 2007.