The European Commission has approved the merger of NENT Group’s satellite pay-TV and broadband-TV business with Telenor Group’s satellite pay-TV business.
Telenor Broadcast ended 2017 with 862,000 DTH TV subscriptions, or 24,000 fewer than in the same period a year earlier.
It was a familiar story for Telenor Broadcast as continuing subscriber erosion at Canal Digital was compensated by an increase in subscribers and hardware sales.
Telenor’s Broadcast division ended the second quarter with 902,000 subscribers to its DTH services.
Ragnar Kårhus has been named as the new chief executive officer of Telenor Broadcast Holding AS and Canal Digital AS, effective as of August 1.
Patrik Hofbauer has been named as the new CEO of Telenor Sweden; leaving his current role as CEO of Telenor Broadcast and Canal Digital. He will take up his new position on August 1.
Canal Digital lost 3,000 DTH subscribers in Q4 2012 as revenues from sales to Danish housing associations hit revenues.
Telenor Broadcast has delivered a solid third quarter with pay-TV operation Canal Digital stabilising on 948,000 customers, a loss of just 4,000 subscribers in the tough Nordic market.
Continuing subscriber losses at Canal Digital were counterbalanced by a significantly improved EBITDA margin in the first quarter that was reflected across Telenor Broadcast.
Price increases and a rise in hardware sales helped Canal Digital maintain revenues amid continued subscriber falls.