Scandinavian transmission services company and broadcaster Teracom reported an operating profit of SEK376 million (€43 million) for 2011, up from SEK293 million in 2010.
The improvement came from better cost management throughout the group and increased sales, primarily for its Boxer pay TV platform in Denmark. The pay DTT platform has attrracted around 300,000 customers, an increase of 180,000.
“We have been working methodically in the Danish market to establish Boxer TV as a leading pay TV company and we are going to succeed,” said Crister Fritzson, president and CEO of Teracom Group.
During the course of the year, Teracom passed the one million pay TV subscriber mark across all of its pay DTT networks. It ended 2011 with a total of 1.035 million TV customers, an increases of 80,000 year-on-year.
Full year revenues increased to SEK4.1 billion from SEK3.9 billion a year earlier.