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Telenet increases digital penetration

Belgian cable operator Telenet increased its digital TV subscriber base by 20% in the 12 months to the end of March. It ended the first quarter with a total of 2,253,700 digital TV subs, meaning 57% of its total TV subscriber base had switched to digital TV.

However, with the number of analogue customers reducing by 23% in the period to 966,900, the operator’s total cable TV subscriber base was down 3% year-on-year. Revenue from premium cable TV services revenue increased by €8 million or 23% in the first quarter to €42.9 million.

The operator added customers across all of its other products, with broadband subs up 9% to 1,249,200 and telephony subs up 9% to 930,500. Telenet said the number of households taking triple-play services increased 9% to 734,700 at the end of March.

Telenet recorded total first quarter revenue of €331.6 million, up 5% year-on-year. Adjusted EBITDA was up 7% to €174.2 million.