YouSee owner Nuuday has bucked its recent trend of subscriber erosion with the addition of 5,000 new TV subscribers in the second quarter.
However, the additions can be attributed to the acquisition of a local antenna company, rather than a reversal of the decline that has charactarised the Danish market in recent years.
The business as a whole is in structural decline due to lower demand for traditional TV packages. The structurally challenged fixed telephony business saw a decrease of 18,000 subscribers.
“Overall, I am pleased with the Q2 results, which show that we continue to deliver on our mission to stabilise the customer base and prepare the business for renewed growth. I particularly note that we are once again demonstrating solid growth in the strategically important areas of mobile and high-speed broadband,” said Jon James, CEO of Nuuday.
Nuuday added 9,000 subscribers to its customer base with growth in both the residential and business markets, though the number of fixed broadband subscribers declined by 6,000 partly driven by a one-off loss of an association contract.
Service revenues up 1.6% year-on-year to DKK 3.321 billion.
