Swedish cablenet Com Hem is continuing its period of strong growth with an 11% revenue increase in the second quarter.Digital television subscriptions increased by 4%, passing the half million mark for the first time, and reaching 504,000. However, in a country that completed digital switchover in 2008, this represents just a fraction of the 1.76 million total subscriber base. At the same time the number of pay-TV subscribers on the analogue network has fallen back to 60,400 from 77,300, suggesting an element of migration.
Broadband internet grew by 0.3% to 513,100 and telephony by 3% to 334,600. Some 219,100 subscribers take the full triple play package.
The company reported revenues of SEK 1,023 million (€99.83), an increase on the SEK 925m recorded for the same period in 2008. EBITDA improved by 14% to SEK 418m. In the second quarter the operator invested some SKE 209 million into infrastructure and its customer service operations, on a par with Q2 2009.
