Caiw reports losses due to higher investments, marketing costs

Thursday 28 August 2014 | 17:03 CET | Author: Kamiel Albrecht | Background
Cable and fibre service provider Caiw has reported a net loss of EUR 4.06 million for 2013, according to its annual report. The revenues grew by EUR 4.5 million during the year to EUR 74.3 million. Of the increase, EUR 2.5 million came from the acquisition of Cogas's TV customers in December 2013. Caiw's EBITDA amounted to EUR 2.7 million, much lower than EUR 7.5 million in 2012. The decrease is mostly caused by higher infrastructure and marketing costs (to promote fibre services) as well as a customer service restructuring. The number of employees increased from 148 at the end of 2012 to 169

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Categories: Broadcast & Satellite / Fixed / Internet
Companies: CAIW / Cbizz / CIF / KPN
Countries: Netherlands
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