Extensive investments in Denmark and Finland weighed heavily on the Teracom Group in the first six months of 2010.
The Swedish transmission company and pay-TV operator reported a drastically reduced operating profit of SEK72 million, down from SEK274 million (€28.9 million). “In Denmark and Finland, we are in a construction phase in which we are investing heavily to build our customer base in Sweden and we are investing in content and services to support Boxers competitiveness,” said Crister Fritzson, CEO, Teracom.
The last quarter saw sluggish sales for Finland’s Plus TV, but in Denmark the availability of all the games in the football World Cup provided a welcome boost.
Nevertheless, the combined DTT pay operations in Sweden, Denmark and Finland lost 8,000 subscribers on the quarter to settle at 950,000.