Flemish cabler Telenet has beaten both the current bear market and its own highly competitive arena with an EBITDA increase of 26%.
Under pressure from Belgacom’s IPTV operation, UPC sister company said it had added an additional 107,000 subscribers to its digital TV base in the first quarter to reach 716,000.
Revenues of €286.3 million, up 16% on 2008, contributed to an operating profit of €73.2 million.
Capital expenditure of €74.2 million, included €33.5 million sunk into its set top box rental program.
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Connected TV Forecasts NEW REPORT. The number of TV sets connected to the Internet will reach 551 million by 2016 for the 40 countries covered in this report from Digital TV Research, up from 124 million at end-2010. The report states that this translates to 20% of global TV sets by 2016, up from only 6% at end-2010. Published in November 2011, this 83-page PDF report is the most geographically comprehensive to ever be published.