Telenet says its multiple-play strategy is working in Belgium’s competitive communications market.
The Liberty Global affiliate has introduced the ‘all-in-one converged “WIGO” bundles’ that have accrued 188,600 subscribers since launch in June 2016 through to the end of March of this year.
Adjusted Q1 EBITDA stands at €289.4 million, delivering a net profit of €65.8 million versus a net loss of €8.6 million in Q1 2016.
As of March 31, 2017, Telenet provided its 2,134,200 unique customers with 4,862,600 subscription services (RGUs) across Flanders and parts of Brussels. It’s RGUs are split across 1,996,300 video, 1,608,100 broadband internet and 1,258,200 fixed-line telephony subscriptions.
Around 87 per cent of video subscribers have upgraded to the enhanced video platform with access to a wider array of digital, HD and pay television sports channels, a vast library of domestic and international video-on-demand content and access to OTT platform “Yelo Play”.
