The Belgian cable TV and broadband operator Telenet has reported a 6% year-on-year rise in revenues for the first quarter to EUR443.4 million (USD482 million), driven by higher cable subscription revenue plus growth at its mobile resale and business-to-business (B2B) operations. Telenet, which recently announced its intention to acquire KPN’s local mobile operation BASE Company, said adjusted EBITDA dropped 1% to EUR235.0 million, while net profit fell 12% to EUR34.1 million. The firm said broadband internet subscriptions increased 4% to 1.53 million, while its mobile virtual network operator (MVNO) unit saw user numbers jump 19% to 924,500. Average revenue per user (ARPU) increased from EUR46.2 a month in 1Q14 to EUR48.8 in the first quarter of this year.
Speaking of the EUR1.325 billion move to acquire Belgium’s third largest mobile operator BASE, John Porter, CEO of Telenet, commented: ‘Through this acquisition, we will make a significant step to secure long-term mobile access conditions, ensuring we are well positioned to effectively compete for the future growth opportunity of mobile data.’