Advanced Television

Telenet sales up 6%

February 17, 2012

Belgian cable operator has Telenet reported full year revenues up six per cent year-on-year to €1.37 billion. EBITDA rose 8 per cent to €723.4 million while the margin advanced to 52.6 per cent.

Meanwhile, the net profit fell 81 per cent to €16.8 million on the back of increasing losses on derivatives, higher depreciation costs, spending on football game rights and an €28.5 million impairment expense on the infrastructure for DTT.  The cableco cited Sporting Telenet, mobile telephony, and triple play as success stories.

The number of active connections fell by 3 per cent in the twelve months to 2,198,500. The figure includes 789,000 single analogue (-24 per cent) and 1,409,500 analogue +digital (+13 per cent) connections. Digital TV penetration reached 64 per cent – with subscribers reaching 1.4 million at the end of September, a 13 per cent year-on-year increase. The number of broadband customers rose by 6 per cent to 1,305,500, while the number of fixed telephony subscribers increased by 8 per cent to 880,100 and mobile telephony customers surged 20 per cent to 283 700. Telenet noted 783,100 households with triple play, compared to 719,200 the year before. The average number of services per household is 1.99. ARPU grew 9 per cent to €42.10

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