German cable network operator Tele Columbus has posted revenue of EUR159.3 million (USD199.0 million) for the first nine months of 2014, an increase of 3.8% from EUR153.5 million in the year-ago period. Normalised EBITDA rose by 10.0% year-on-year to EUR72.9 million in 9M 2014, with the firm attributing the growth to its increasing success in selling additional products, such as high speed internet access and telephony, to its existing cable TV clients. As at 30 September 2014 the number of internet customer contracts stood at 197,000, while telephony subscribers reached 166,000, with the average number of products per client increasing to 1.43 from 1.38 the previous year. Total blended monthly average revenue per user (ARPU) reached EUR14.0 in Q3 2014, up from EUR13.3 twelve months earlier.
In the third quarter of 2014 Tele Columbus acquired 100% of the shares in BIG Medienversorgung (with approximately 12,700 connected households in North Rhine-Westphalia, Baden-Wurttemberg and Berlin) and the remaining shares in the joint venture company BMB (operating a broadband cable network in North Rhine-Westphalia). Furthermore, on 30 September 2014 Tele Columbus announced its intention to go public; the firm says it continues to monitor capital market developments in view of a potential initial public offering (IPO).