Tele Columbus posts solid results

Tele Columbus CEO and chairman, Ronny Verhelst.

Tele Columbus CEO and chairman, Ronny Verhelst.

In its first results since the acquisition of Pepcom, German cable operator Tele Columbus has increased its revenues by 5% in the first quarter on a like-for-like basis to €116.1 million.

EBITDA increased by 9.5% to €56.5 million.

The company added 12,000 internet revenue generating units and 14,000 telephony RGUs in the quarter.

The company had 3.6 million homes connected, serving 2.43 million customers, which translates into 2.45 million cable TV RGUs and 424,000 premium TV RGUs, it said. Internet RGUs amounted to 475,000 and Telephony RGUs to 441,000.

The company aims to keep the number of connected homes stable over the year and to achieve mid-single digit revenue growth and high single-digit EBITDA growth for the year.

Recent developments include the trialing of an advanced TV service in partnership with Espial and the launch of mobile services across the former Primacom footprint in collaboration with low-cost mobile specialist Drillisch.

Ronny Verhelst, CEO of Tele Columbus, said: “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.”