Tele Columbus, the third largest German cable operator, has reported that Q3 revenues grew by 59.9 per cent from €73.9 million to €118.2 million year on year due to consolidation effect of primacom and pepcom.
In the third quarter, the company showed a positive development of all relevant Key Performance Indicators (KPIs): As of September 30th 2016, Tele Columbus Group holds a stable basis of 3.6 million homes connected, approximately 5,000 up from June 2016, and is serving 2.42 million customers. With 1.58 RGUs (Revenue Generating Units) per subscriber the total number of RGUs increased by 19k to 3,823,000 which translates into 2.44 million Cable TV RGUs, 422,000 Premium TV RGUs and 463,000 Telephony RGUs.
Internet RGUs rose substantially to more than 500,000 which is an increase of 15,000 net additions quarter over quarter including the backlog of 3,000 from the second quarter. Meanwhile, close to 35,000 of Internet gross adds take 120 Mbit/s download speeds or more which is slightly up from the around 1/3rd reported with Q2 results.
“Even though we are heavily working on the integration of primacom and pepcom, we are well on track growing our business nicely by following our four key strategic initiatives”, says Ronny Verhelst, CEO of Tele Columbus Group. “We will continue on that path consequently in order to take full advantage of the market chances arising.” As key drivers for its mid-term development the company is pursuing the targets to generate organic growth, to make use of the smaller M&A opportunities in the German cable market, to exploit the synergies from the integration of the acquired companies and to expand the business customer activities. “This strategy is beginning to pay off – and given the strengths and opportunities of the company we are very much looking forward to further develop Tele Columbus on the basis of our prolonged management contracts” explains Frank Posnanski, the company’s CFO.