German cable operator Kabel BW has said that it enjoyed its biggest ever growth in new business in 2010. The total number of telephony and broadband customers grew 26.5% to 664,000, while the number of pay-TV customers grew 90,000 (46.2%) to 285,000.
Reporting the highest revenue and earnings growth in the company’s history, Kabel BW said sales (including other income) increased in 2010 by about €70 million to a value of €563 million (2009: €493 million) .
EBITDA increased by €56 million to €316 million (2009: €260 million).
Operating free cash flow – the difference between EBITDA and Capital expenditures (Capex) – reached €178 million (2009: €111 million).
“We are benefitting from the extraordinarily high level of investment in recent years in our infrastructure and we can offer very good value for money in the market, increase our customer base every month while increasing our profitability, ” said Harald Roesch, chairman of the board of Kabel BW, in a statement.
The company said the introduction of its 100 Mbps broadband speed in May 2010 played an important role in the growth of internet customers.