Norwegian telco Telenor’s Broadcast arm had a poor fourth quarter, with revenues down 6% year-on-year and EBITDA down 12%, hit by a currency impact on pay TV unit Canal Digital’s revenues and changes in its sport offering in Norway.
Canal Digital DTH revenues fell by 6% to NOK1.098 billion (€124 million). EBITDA was down 22% to NOK153 million, mostly due to currency impacts, as well as equipment and marketing costs. An ongoing drop in DTH subscribers was compensated by price increases.
DTH subscribers numbered 862,000, down 4% year-on-year. DTH ARPU was also down by 2% to NOK382.
Revenues from the Telenor Satellite unit, which operates the Thor satellite platform, decreased by 9% primarily due to price
pressure in the data communication market and the termination of
a satellite uplink contract. Q4 revenue amounted to NOK234 million. EBITDA declined by 7% to NOK158 million as the revenue reduction was partly compensated by lower capacity lease and operating costs.
Telenor Broadcast as a whole posted revenues of NOK1.495 billion and EB:ITDA of NOK446 million for the quarter.
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23 October 2020 @ 09:29:38 UTC