Sunrise grows TV subscriber base by 65.5%

Swiss operator Sunrise said that its TV subscriber base grew by 32,800 people, or 65.5% year-on-year, in Q1 2014, with 8,500 of those new customers. 

The firm ended the quarter with 82,800 TV customers and said that a 7.1% increase in landline internet revenue to CHF51.3 million was also “primarily attributable to the growth of the IPTV customer base.”

Overall in the quarter, Sunrise said that revenues decline 3.4% to CHF 470.2 million following a 2012 price reduction. EBITDA was down 6.6% year-on-year to CHF 132.0 million, which the firm attributed to “investment in higher marketing communications and a market environment with aggressive mobile subsidies.”