German cable operator Kabel BW has announced it generated revenue of EUR150.2 million (USD212 million) in the first quarter of 2011, representing an increase of 13% compared to EUR132.9 million in the corresponding period a year earlier. The company said that earnings before interest, tax, depreciation and amortisation (EBITDA) for the three-month period totalled EUR87.1 million, up 16% year-on-year, while EBITDA margin improved to 58% from 56.4% in the first three months of 2010. Kabel BW saw EBIT rise 6.6% over the period, from EUR43.3 million in Q1 2010 to EUR49.8 million in the same three-month period a year later. In March 2011 Kabel BW’s parent, Swedish investment firm EQT agreed to sell the cableco to US cable company Liberty Global, beating bids from CVC and Hallman & Friedman with an offer of EUR3.16 billion. There may be significant anti-trust hurdles facing the deal, which is expected to bring together Germany’s second and third largest cable operators by customers. At 31 March 2011 the company had a total subscriber base of 2.368 million (compared to 2.316 million twelve months previously), of which 705,000 were internet and telephony customers, up 26.3% from 558,000 at the same date in 2010. Meanwhile, the number of pay-TV subscriptions grew by 98,000 over the twelve-month period from 210,000 to 308,000. The average revenue per customer per month (ARPU) increased from EUR17.1 to EUR18.8 in Q1 2011.