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Latest Satellite News Discussion, Update Telenet beats negative markets at General Satellite News forum; Telenet beats negative markets By Julian Clover Flemish cabler Telenet has beaten both the current bear market and its own ...

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Thumbs up Update Telenet beats negative markets - 30-April-2009, 14:30

Telenet beats negative markets

By Julian Clover

Flemish cabler Telenet has beaten both the current bear market and its own highly competitive arena with an EBITDA increase of 26%.
Under pressure from Belgacoms IPTV operation, UPC sister company said it had added an additional 107,000 subscribers to its digital TV base in the first quarter to reach 716,000.

Revenues of 286.3 million, up 16% on 2008, contributed to an operating profit of 73.2 million.
Capital expenditure of 74.2 million, included 33.5 million sunk into its set top box rental program.


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