Advanced Television

Telenet raises earnings forecast

October 28, 2011

Telenet, the Belgian cable operator controlled by Liberty Global, has raised its profit forecast as customers sign up to more products and higher-priced broadband Internet and mobile-telephony contracts.

Adjusted earnings before EBITDA will increase 7.5 per cent to about €719 million this year, the company said. That compares with an earlier forecast of at least €706 million.

“Sales were a bit soft in July and August, but rebounded in September,” Chief Executive Officer Duco Sickinghe told reporters.

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