Belgacom TV subs grow by 26,000

Belgian telco Belgacom reported a 26,000 increase in TV subscriptions in the first quarter, taking its total TV customer base to 1.4 million. 

This increase, along with increased average per-user spend, saw TV revenues grow by 16.9% year-on-year in the quarter to €64 million, partially helping to offset a decrease in mobile and fixed voice revenue.

Belgacom said TV ARPU showed a 4.5% growth year-over-year to €18.3, supported by a price increase for rented set-top boxes.

However, group earnings before interest, taxes, depreciation and amortisation came in at €441 million, 6.1% lower than for the same period of 2012, while group revenues remained stable €1.59 billion, down 0.1% compared to last year.