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Belgacom reports strong TV figures

Belgacom TVBelgacom added 65,000 TV subscribers in the first quarter of the year and said that “solid revenue growth for TV” helped to boost underlying core revenue. 

Announcing its Q1 results, the Belgian telco said that its TV customer base reached 1.66 million customers, up 9.4% year-on-year.

“The first-quarter 2015 TV revenue grew by 14.8% to €79 million, as a result of continued subscriber growth, and TV-options such as football subscriptions and TV-replay,” said Belgacom.

The company said that recurring TV ARPU grew by 6.1% year-on-year to €19.90, driven by the increased uptake of TV options.

Overall, Belgacom said that underlying first quarter revenue came to €1.479 billion, an increase of 5.5% compared to the first-quarter of 2014. Underlying group EBITDA totalled €423 million, 3.8% higher compared to the previous year.