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Wireless

Freenet revenues grow 11.9% due to TV, net profit down

Thursday 4 May 2017 | 09:52 CET | News
Update: 4 May 2017 | 10:47 CET
German MVNO and TV operator Freenet reports revenues of EUR 838 million for the first quarter of this year, growing by 11.9 percent mainly due to EUR 74.9 million in TV and media revenues. Those revenues were only EUR 10.4 million in Q1 2016 as the Media Broadcast acquisition was only completed on 18 March 2016. At the same time, Freenet's mobile revenues grew by 4.9 percent to EUR 762.8 million due to more high value postpaid customers. The quarterly EBITDA for the group amounted to EUR 100.9 million, 13.1 percent more than in Q1 2016, driven a 10.1 percent increase in mobile EBITDA to EUR

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[04/05/2017 10:47- Update: Added information about TV KPIs, guidance]


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Categories: Broadcast & Satellite / Mobile & Wireless
Companies: Freenet / Media Broadcast
Countries: Germany
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