Telenet has confirmed plans to commence a strategic review of its telecom tower business “amidst strong demand for telecommunications infrastructure assets generally and as the case may be broader strategic transactions for the company”.
Telenet operates a nationwide mobile network in Belgium, consisting of 3,311 sites. This includes 2,145 owned sites, of which 37% are towers, and 1,166 third-party sites.
Meanwhile, in its latest results Telenet says it ended the third quarter with 1,774,000 video subscribers, or 3% fewer than in the same period last year. While the basic video figure within this total fell by 40% to 79,400, the enhanced video was virtually unchanged at 1,694,600 (1,691,100 in Q3 2020). It also had 1,719,600 (+2%) broadband internet and 713,200 (+15%) FMC customers. ARPU for its services as whole, which include mobile, was €59 (+1%).
Telenet also notes that its total entertainment subscriber base, including Streamz, Streamz+, Play More and Play Sports equalled approximately 36% of its total enhanced TV customer base at the end of Q3. This was broadly stable compared to the same quarter of last year and also stable relative to June 30, 2021.
Telenet’s revenues in the first nine months of the year amounted to €1,928.9 million (+1%) and adjusted EBITDA €1,027.1 million (-1%). Its net profit was €301.7 million, or 1% lower than in the first nine months of 2020.