Com Hem confirms TiVo launch

comhem_juditCom Hem has confirmed that it will launch TiVo and a broadband product offering download and upload speeds of up to 500 Mbps and 50 Mbps respectively in the third quarter.

In its latest set of results, its CEO Tomas Franzén also said that in addition to developing new products and services the Swedish operator would focus on new business areas.

Com Hem had a turnover of SEK1,108 million (€127.3 million) in Q2, compared to SEK1,148 million in the corresponding period a year earlier.

EBITDA amounted to SEK547 million, compared to SEK541 million. Its total connected homes stood at 1.78 million (+30,000 year-on-year).

Unique subscribers amounted to 821,700, down from 823,400 in the previous quarter.

Meanwhile, digital TV subscriptions at the end of Q2 stood at 605,700 (613,300 in Q1) and broadband subscriptions at 543,400 (542,400).

According to Franzén, “Com Hem is maintaining a stable position in a highly competitive market. It is becoming increasingly important to offer our customers innovative services at the cutting edge of technology and, during the first six months of 2013, we have worked intensively to develop new high-speed broadband and digital-television services that will be launched in the third quarter of the year.”

He added: “We have a huge, untapped potential in all the tens of thousands of properties that are connected to Com Hem’s network. There are a multitude of closely held companies and sole proprietorships to which we can direct our competitive offerings of communication solutions. This is an exciting step in Com Hem’s development.”