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Telenet hails success of converged quad-play

Liberty Global-owned Telenet has signed up almost 100,000 customers to its WIGO quad-play offering in the first three months since the service launched.

WIGO had 99,900 customers at the end of September, after launching at the end of June. Telenet describes WIGO as its first all-in-one converged offering. The growth of its base took Telenet’s quad-play penetration to 23% of its cable customers base.

Telenet posted revenue of EUR1.8 billion for the first nine months of the year, 32% up on a reported basis.

Net income for the nine months was EUR41.6 million, down from EUR135.4 million thanks to a EUR117 million net loss on derivative financial instruments and a EUR16.9 million loss on extinguishment of debt.

Adjusted EBITDA was up 2% on an adjusted basis to EUR847.8 million, adversely impacted by costs associated with the integration of mobile operator BASE Company.

Telenet said that BASE was now on track to deliver EUR220 million in annual synergies by 2020.