NetCologne posts 5% rise in revenue for 2021

23 Jun 2022

German regional telecoms operator NetCologne has reported consolidated group revenue of EUR318 million (USD273 million) for the twelve months ended 31 December 2021, an increase of 4.9% from EUR303 million a year earlier. EBITDA rose by 23.9% from EUR17.1 million in 2020 to EUR21.2 million the following year. NetCologne invested a total of EUR44 million in its network last year, increasing the total length of its fibre-optic infrastructure to more than 29,000km and passing an additional 48,000 households to reach a total of 1.25 million homes via its own fibre network. The firm supplied around 458,000 customers with fixed telecoms services at end-2021, up from 441,000 a year earlier and 422,000 at end-2019.

Germany, NetCologne