Revenue boost for pre-sale Com Hem

Com Hem ended June with a total of 624,000 digital TV subscribers, up from 599,700 a year earlier but only 800 more than at the end of March.

The Swedish cable operator, which is being acquired by Private-equity group BC Partners, had 836,000 subscribers in total at the end of the second quarter, including those taking broadband and telephony services. That number was up from 831,300 a year earlier.

Second quarter revenues were up five per cent year-on-year to SEK1.129 billion (€123 million) while EBITDA increased 18% to SEK531 million.

“The last quarter has been one of the most eventful since I started at Com Hem in 2008,” said CEO Tomas Franzén. “We have prepared a sale of the company while we have launched a host of new ventures and entered into an agreement to acquire Canal Digital Cable TV. We are pleased that despite an intensive period we have had a strong focus on our customers and our offer.”