VodafoneZiggo revenue falls 2% in FY18, flatlines in Q4; considers tower sale

1 Mar 2019

Dutch quad-play operator VodafoneZiggo posted a 2% full-year 2018 revenue decline to EUR3.895 billion (USD4.433 billion) whilst Q4 2018 revenue remained flat year-on-year at EUR993 million (compared to a 1% y-o-y decline in Q3). Q4 operating income increased by EUR21 million y-o-y to EUR36 million although FY18 operating income fell by EUR83 million to EUR111 million. Momentum in mobile service take-up remained strong with 51,000 new post-paid customers added in Q4, matching the Q3 result, whilst fixed network RGUs declined by 33,000 in Q4 (of which 22,000 were ‘low ARPU telephony’ RGUs). In fixed-mobile convergence trends, VodafoneZiggo reported adding ‘183,000 converged households and 294,000 converged SIMs’ in FY18, whilst over the past two years it has converged 32% of its broadband internet base and 50% of its eligible-for-bundling KPN-branded mobile base, contributing to a three percentage point reduction in consumer mobile post-paid customer churn y-o-y.

VodafoneZiggo also revealed alongside its financial results that it is in the preliminary stages of examining potential options to sell off its wireless towers portfolio.

Netherlands, VodafoneZiggo