Telenet outperforms expectations

Belgian cable operator Telenet said it achieved revenue growth of 8.2% for 2012, ahead of expectations of growth of between 7-8%. Adjusted EBITDA growth of 7.5% was also ahead of expectations, while accrued capital expenditure accounted for 23.7% of revenue ahead of expectations of 24-25%.

Telenet’s balance sheet at the end of the year included €906.3 million in cash and equivalents and debt of €3.843 billion.