Dutch operator VodafoneZiggo said the second quarter of 2019 is the best quarter since the merger of Vodafone and Ziggo at the end of 2016.
Despite strong competition, VodafoneZiggo is now achieving commercial growth this quarter after nine consecutive quarters: adding 70,000 mobile (postpaid) customers, as well as 17,000 fixed internet customers.
After two consecutive quarters of decline, 5,000 new TV customers have also been added this quarter, partly due to the sale of new Mediabox Next.
As a result, the total number of customer products (Internet, TV and fixed telephony) in the fixed market grew slightly again after four quarters compared to the previous quarter.
The strategic focus on convergence remains very well appreciated by customers. 72% of mobile customers and 36% of fixed customers purchase products from both Vodafone and Ziggo. In terms of numbers, 158,000 mobile customers (including 60,000 from the Dutch New World) and 95,000 fixed customers have been added this quarter to purchase a combined product.
Sales increased this quarter, by 1.5% compared to Q2 2018. This growth is driven by the results from B2B (mobile sales are growing again, fixed continues to grow strongly), but the consumer market is also growing again.
Total (B2C and B2B) fixed market sales growth is the best quarterly result since the merger.
Continued growth in operating cash flow (OCF) operating profit of 3% compared to Q2 2018. This growth is in line with the first quarter of 2019. The annual target for 2019 will be increased from 1% to 3% to 2% to 3%.
