Danish telco TDC expects to earn close to a quarter of revenues this year from TV, moves and entertainment services, following last year’s acquisition of Norwegian cable operator Get.
DC Group’s combined share of the TV market in Denmark and Norway now totals almost 40%, the company said in its full-year earnings statement.
TDC added 76,000 broadband and TV customers in 2014, including 45,000 in its domestic market.
TDC TV IPTV customers numbered 258,000 at the end of the year, up from 218,000 a year earlier. YouSee cable customers numbered 1.152 million, down from 1.166 million.
“We are satisfied with meeting our financial targets for 2014. This included high cash flow generation, continued opex savings, and a substantial increase in TV and broadband customers in the Danish consumer market,” says CEO Carsten Dilling, TDC Group.
The telco posted EBITDA of DKK9.8 billion, down 1.8%, on revenues of DKK23.3 billion , down 2.7% for the full year. TV gross profit of DKK552 million, down 4.2%, was less than expected as price rises were offset by faster than expected downward migration and migration to the lower ARPU TDC TV service.