Telenet sees mobile boost in first quarter

Belgian cable operator Telenet benefited from a boost in its mobile base and bundled offerings in the first quarter, with revenues up 11% year-on-year to €405.6 million. 

Telenet added 103,400 net mobile post-paid subscribers in the first quarter. The company’s mobile base more than doubled year-on-year to 625,000.

The operator saw decent uptake of its premium fixed line products and bundles in the quarter to March, with 21,500 net new subscribers to its broadband internet offering, 19,000 new subs for fixed telephony and 26,000 for digital TV.

Telenet lost 11,400 basic cable TV subscribers in the quarter and ended March with 2.106 million customers, all of whom took its basic cable TV service, with 1.409 million taking broadband and just under one million taking telephony. About 76% of basic TV customers had upgraded to digital by the end of March.

ARPU for the period was €46.80, up €2 year-on-year. Operating profit was €102 million, up 10%, while net profit was €38.4 million, up 215%.