Tele Columbus revenues up 5%
May 13, 2016
After the full consolidation of pepcom in December 2015, Tele Columbus published for the first time consolidated quarterly results of the combined Group.
For the first quarter of fiscal year 2016, Tele Columbus reported revenues of €116.1 million with a pro forma increase of 5 per cent year on year. On March 31st 2016, the company served close to 3.6 million homes connected, down 12,000 from December 31st 2015 being a significant improvement to previous years for Tele Columbus standalone.
As of March s1st 2016, the Group continued to have 3.6 million homes connected serving 2.43 million customers which translates into 2.45 million Cable TV RGUs (Revenue Generating Units) and 424,000 Premium TV RGUs. Internet RGUs amounted to 475,000 and Telephony RGUs to 441,000, an increase of more than 12,000 and more than 14,000 quarter over quarter respectively. Thus, the number of RGUs per subscriber increased to 1.56 while the total blended average revenues per user (ARPU) rose to €15.9 in the first quarter.
Ronny Verhelst, CEO of Tele Columbus, commented the results: “We continued on our growth path while the organisational integration of primacom and Tele Columbus is at an advanced stage. Our clear strategy going forward is to keep the homes connected base stable, to further optimise the network infrastructure and to exploit our potential for Internet, Telephony and TV services. In the first quarter 2016, we have again executed on our strategy successfully.”