Mediaserv 1H13 revenue increases 16% to EUR35m

23 Jul 2013

According to an unconfirmed report by MegaZap, a blog focusing on French overseas territories, internet service provider (ISP) Mediaserv – which is active in the French overseas territories of Reunion, Guadeloupe, French Guiana, Martinique and the Iles du Nord (Saint-Martin and Saint-Barthelemy) – generated revenues of EUR35.0 million (USD46.1 million) in the six months ended 30 June, representing an annual increase of 16%. Meanwhile, EBITDA for the period under review increased 18% to EUR8.0 million. In operational terms, the company’s consolidated user base was said to be close to 90,000 by mid-2013, up from around 70,000 year-on-year. While a comprehensive breakdown has not been made available, the company claims an approximate 25% market share across its Caribbean markets, and occupies around 15% of the Reunion broadband sector.

According to TeleGeography’s GlobalComms Database, prior to June 2013 Mediaserv was wholly owned by the Loret Group. That month French broadcaster Canal Plus Overseas, which is itself owned by the Vivendi Group, announced that it had acquired a 51% stake in Mediaserv for an unconfirmed fee.