Positive results for Telenet
February 25, 2009
Shares in Belgian cable company Telenet rose 5 per cent high after the group reported 2008 earnings above market expectations and forecasts strong growth in 2009. Telenet ended 2008 with 609,000 digital TV homes, The total number of its cable TV homes, both analogue and digital, hit 2,402,000 thanks in part to the acquisition of the Interkabel networks television business. The group reported revenues of E1018.8 billion, up 9 per cent versus the prior year; and an EBITDA of E505.6 million, up 14 per cent year-on-year.