Tele Columbus grows broadband base to 208,000 in Q1

13 May 2015

German cable network operator Tele Columbus has reported revenue of EUR53.6 million (USD60.1 million) for the first three months of 2015, an increase of 2.2% from EUR52.4 million in the year-ago period. Normalised EBITDA grew 11.7% from EUR21.8 million in Q1 2014 to EUR24.4 million twelve months later, with the firm attributing the growth to its high-performance network and success in selling new products, such as high speed internet access and telephony, to its existing cable TV clients. Capital expenditure totalled EUR15 million in the first three months of 2015, which is more than double the EUR6 million spent in the year-ago quarter.

At 31 March 2015 the number of internet revenue generating units (RGUs) stood at 208,000, compared to 183,000 twelve months earlier, while telephony RGUs grew 13.5% year-on-year to 175,000 and premium TV users declined 2.5% to 161,000. Total blended monthly average revenue per user (ARPU) reached EUR14.1 in Q1 2015, up from EUR13.2 a year earlier (EUR13.8 in 1Q14).

In April 2015 Tele Columbus acquired several cable network assets with approximately 18,000 homes connected primarily in eastern Germany, while also that month the firm launched broadband speeds of up to 400Mbps in Potsdam; the cableco plans to expand the new high speed service to a broader customer base in the future.

Germany, Tele Columbus Group (PYUR)