Com Hem’s TiVo subscriber number now accounts for 30% of the Swedish cable operator’s overall TV base, after growing by 25,000 in the first quarter to reach 189,000.
Announcing its Q1 results, Com Hem said that within the digital TV segment of its business it added 8,000 customers to reach 625,000 by the end of the quarter.
It attributed the rise in TV revenue generating units to higher sales of Com Hem’s digital television services, supported by the TiVo service. Commenting on the TV gains, company CEO Anders Nilsson said “encouragingly, almost 60% of new TiVo subscribers this quarter are new digital TV-customers for Com Hem.”
“Digital television revenue increased to SEK 442 million (€47.3 million) as a result of new sales of TiVo as well as migration of existing digital television customers to TiVo packages. The increase in revenue from broadband and digital television services was partly offset by a decrease in fixed telephony revenue to SEK 78m (90), due to lower usage,” said Com Hem in its earnings announcement.
Overall, the firm reported Q1 revenue of SEK 1.228 billion, an increase of 9.2% over the first quarter of 2014. Underlying EBITDA was SEK 577 million, up 5.9% year-on-year.
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