Canal Digital has secured its best quarter since autumn 2008. In the mature Scandinavian market the Telenor-owned operator lost just 2,000 DTH subscribers while achieving a 20% growth in its EBITDA from a series of cost measures.
It is a factor in a mature market that a 2,000-subscriber loss is now regarded as a success; last week MTG’s Viasat reported similar satellite declines.
The One West-delivered platform saw revenues on a par with Q2 2011 as the effect of price increases and increased sale of hardware and services was offset by effects of reduced subscriber base, lower revenues from SMATV in Denmark and negative currency effects.
Revenues of NOK1,109 million (€150.3 million) were on a par with 2011.
A total of 952,000 subscribers, down from 979,000 one year ago, comprised 308,000 (Norway), 492,000 (Sweden), 104,000 (Denmark) and 49,000 (Finland).
Meanwhile, Telenor Broadcast’s technology arm Conax saw a 9% increase in revenue amid increased sales in North America. Revenues of NOK141 million were also ahead of 2011.
Telenor Satellite enjoyed stable revenues of NOK248 million, but noted a shift from land-based revenues to maritime segments in data communications. 2012 has so far been a record year for occasional use services.
