NextGenTel Holding publishes 2Q15 financials

28 Aug 2015

Norway’s NextGenTel Holding (formerly Telio Holding) has published its financial results for the quarter ended 30 June 2015. Revenues for the period totalled NOK311 million (USD40.1 million), representing a 2.5% year-on-year decline from the NOK319 million reported a year earlier. EBTIDA meanwhile was down significantly, falling to NOK60 million, down by 25% against the NOK80 million the company recorded in Q2 2014. Gross profit in the second quarter of 2015 was NOK150.7 million, down from NOK154.3 million, though up from the NOK147.1 million reported by NextGenTel for 1Q15. Capital expenditures were NOK28.2 million in the quarter ended 30 June 2015, representing a 6.8% increase from NOK26.4 million in 2Q14.

In operational terms, at the end of June 2015 NextGenTel reported 137,580 residential broadband subscribers, down from 139,374 a year earlier, of which 11,200 were said to be connected via fibre. Business broadband accesses meanwhile totalled 20,042, up marginally from the 19,728 reported at end-June 2014. In the voice-over-internet protocol (VoIP) arena NextGenTel counted 86,308 customers (residential and business combined), down from 96,120. By contrast, mobile voice accesses are on the rise, with some 47,272 customers having signed up for such a service at 30 June 2015, up from 40,600.