Nuuday, the newly established cable TV and broadband arm of Denmark’s TDC Group, found enthusiasm for its fibre services in the second quarter.
It acted as a counter balance to a 1.1% decline in legacy TV services.
Capex was also reduced following a higher amount of refurbishment of modems and fewer TV set-top box replacements, and smaller investments in IT.
Nuuday’s Q2 EBITDA decreased 3.3% YoY, down DKK 16m compared with same period last year and improved significantly comparing with the YoY growth from the previous quarter.
TDC has announced the separation of the company will be finalised by end of 2021, establishing TDC A/S as a holding company with Nuuday A/S and TDC NET A/S operating as stand-alone companies