Tele Columbus Q3 up 4.3% YoY
November 22, 2017
Tele Columbus, Germany’s third largest cable operator, has published its financials for the third quarter of fiscal year 2017. Revenues grow by 4.3 per cent YoY to €123.3 million in the quarter. The Group again reported growth amongst its Internet RGUs which increased by 15k quarter on quarter to a total of 564k per September 30th 2017.
Tele Columbus said it has made good progress on its ambitious plan for 2017. The integration of primacom, pepcom and Tele Columbus, the effects of the migration of customers onto a singular IT architecture, the launch of the new brand PŸUR and the preparation of the new product portfolio all fall into the first nine months of 2017. The company says it is benefiting from the integration-related synergies, and is working diligently on customer facing processes to ensure customers can enjoy the new products and services.
Ronny Verhelst, outgoing CEO, commented: “We have had an ambitious plan for 2017, and the company is responding well to the challenge. Clearly, projects remain to be finished but we are making very good progress.”
Timm Degenhardt, incoming CEO, added: “The Company is preparing the platform for sustained organic growth; all important elements are there, or are being prepared, and I look forward to bringing it all together with the team”.
Despite the slight delay to the commercial launch of PŸUR, Tele Columbus achieved revenue growth of 4.3 per cent year on year.