NetCologne fibre subs reach 164,000

German regional broadband provider NetCologne has reported revenue of EUR259.2 million (USD289.5 million) for the twelve months ended 31 December 2014, up from EUR241 million a year earlier, while net profit before tax totalled EUR7.7 million. The Cologne-based company said that investment reached EUR30 million in 2014, relatively stable year-on-year. Fixed line (telephone and internet) customers stood at 384,000 as at 31 December 2014 (down from 388,000 at end-2013), of which 164,000 were connected to its own fibre-optic infrastructure (2013: 149,000). In total, approximately 57,000 buildings are connected to the firm’s fibre-optic network, up from 56,500 in 2013. Last year NetCologne, which is owned by utilities company GEW Cologne, deployed vectoring technology at over 500 street cabinets, enabling its fixed broadband customers to subscribe to speeds of up to 100Mbps.