Com Hem AB has announced it will acquire Canal Digital Kabel-TV from Canal Digital Sweden AB for SEK85 million (€9.26 million). The company is active in cable television and IPTV in Sweden and currently provides TV services to approximately 220,000 households.
The number of digital TV subscriptions crept up at Com Hem in the first quarter of 2011.
Com Hem’s on demand service is now available in 1.5 million households, equivalent to around 30% of Sweden, the cableco has announced.
Com Hem has commenced an upgrade that will take broadband speeds up to a maximum of 200 Mbps. The Swedish cableco said that 1.4 million households within its footprint would eventually gain access to the service that will reach 400,000 households in its first phase.
Com Hem, Sweden’s largest cable operator has been put up for sale by its private equity owners, according to a report by Dagens Industri.
Com Hem is to launch a CI Plus-based service in a bid to drive uptake of HD services.
Com Hem increased third quarter revenues by 7%, bringing the Swedish cable operator SEK 1,083 million (€116.77 million), as a 14% rise to EBITDA to SEK 490 million.
Com Hem continued its revenue growth into the second quarter, reporting revenues of SEK1,077 million (€114.34 million), a 5% increase over the same period in 2009.
Viasat has signed a long term agreement with Swedish cableco Com Hem to market and sell its premium pay-TV channels to all 1.65 million of its subscribers.
Com Hem increased revenues during 2009, growing by 7% in the 12 months to December 2009, to reach SEK 4,087 million (€415.4 million). EBITDA grew by just 1% on 2008 to SEK 1,638 million.