French cable and telecom giant Numericable-SFR has posted a decline in revenue of 5% and losses of €175 million for the 2014 full year. The combined company posted revenues of €11.43 billion, down from €12 billion for 2013, with the decline in revenues attributed to price competition in the mobile market.
Numericable-SFR also said its losses for the period could be explained in large part by the need to raise the debt necessary to finance the acquisition of SFR last year.
On the upside, Numericable-SFR recorded solid growth in very high-speed internet subscribers, up 4.5% to 1.547 million. ADSL customers on the other hand declined slightly, falling by 1.4% to 5.03 million. Fixed ARPU also declined slightly, falling by 0.6% to €34.10.
The company said its mobile losses had been partly compensated by a programme of cost cutting put in place by the previous management of SFR.
ICYMI: BCCI confirms September IPL restart digitaltveurope.com/2021/07/27/bcc… https://t.co/sheavM2VNZ
27 July 2021 @ 20:00:00 UTC
ICYMI; Former Technicolor exec Muylkens appointed MD at Zappware Belgium digitaltveurope.com/2021/07/27/for… https://t.co/GWYASi2gZZ
27 July 2021 @ 18:52:00 UTC
Over 70 8K TVs certified by 8K Association as tech increases in popularity digitaltveurope.com/2021/07/27/ove… https://t.co/y1ZtRLe5vY
27 July 2021 @ 16:59:00 UTC
Russia’s Match TV picks up EPL rights in long-term deal digitaltveurope.com/2021/07/27/rus… https://t.co/ajg4NSyfYb
27 July 2021 @ 15:59:00 UTC