0
Video

Freenet to build up internet TV portfolio to compete with Netflix, Apple - CFO

Wednesday 20 June 2018 | 08:29 CET | News
Update: 21 June 2018 | 11:21 CET
German operator Freenet said it plans to bolster its internet TV offerings to better compete with the likes of Netflix and Apple, reported Reuters. The company aims to reach one million customers "as quickly as possible" before growing to between 2 and 3 million customers over the next three to four years with, Freenet CFO Joachim Preisig told Reuters. The company should also record an operating profit between EUR 60 million and EUR 70 million by that time, while Freenet's revenues for 2018 will likely remain flat at around EUR 3.5 billion with core profits increasingly slightly, said

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?


[21/06/2018 11:21 - Update: Adds Preisig's remarks on possible sale of Sunrise stake]


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Broadcast & Satellite / Internet
Companies: Freenet / Sunrise
Countries: Germany / Switzerland
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Freenet revenues up 2.6% in Q3, EBITDA supported by one-time gains

Published 08 Nov 2018 10:32 CET | Germany
German operator Freenet maintained its full-year outlook after reporting in-line third-quarter results. Quarterly revenues rose ...

Netflix commissions 5 new German series

Published 25 Oct 2018 15:49 CET | Germany
Netflix announced plans to show five more original productions in the German language in 2019. All the titles will be available ...

Freenet TV sees customer base grow as DVB-T2 access in Germany increases

Published 06 Sep 2018 09:07 CET | Germany
The number of households in Germany television via the DVB-T2 transmission standard continues to increase, rising 7 percent this ...

Freenet slashes TV module price by 25% for IFA

Published 23 Aug 2018 15:06 CET | Germany
Freenet TV said it is slashing the price of its TV module by 25 percent to mark the start of the IFA 2018 trade fair. Freenet ...

Freenet maintains outlook after Q2 results up strongly on postpaid expansion

Published 09 Aug 2018 09:59 CET | Germany
German operator Freenet reported a drop in second-quarter revenues of 17 percent to EUR 697 million, hurt by the new accounting ...

Freenet TV to launch in Bielefeld region mid-August

Published 26 Jul 2018 17:07 CET | Germany
Households in Bielefeld will be informed of the exact start date of Freenet TV broadcasts following the completion of these ...

Media Broadcast appoints new management executives

Published 23 Jul 2018 13:15 CET | Germany
Freenet TV's parent company Media Broadcast said Klaus Baumhauer will take over responsibility of distribution for Media ...

Freenet named Best CI+ Module in Germany by Satvision magazine

Published 06 Jul 2018 13:58 CET | Germany
The trade and testing magazine Satvision has awarded Freenet TV the "Best CI+ Module" certificate in a direct comparison between ...

Freenet neemt aandeel in distributiepartner Ceconomy

Published 02 Jul 2018 09:56 CET | Germany
De Duitse provider Freenet neemt een aandeel ter waarde van EUR 277 miljoen in zijn distributiepartner Ceconomy. Het gaat om een ...

Freenet TV releases Service app for mobile

Published 27 Jun 2018 13:27 CET | Germany
Freenet TV has released a new service app that allows customers to log in to their Freenet account from any mobile device. The ...

Unitymedia releases Download 2 Go feature for Horizon Go

Published 26 Jun 2018 17:10 CET | Germany
Users can configure up to three devices with Download 2 Go and store up to eight different videos at one time on each device. ...

Freenet wil tv-aanbod uitbouwen om te concurreren met Netflix, Apple

Published 20 Jun 2018 09:26 CET | Germany
De Duitse provider Freenet heeft plannen om zijn tv-aanbod beter te kunnen laten concurreren met bedrijven als Netflix en Apple. ...

Freenet TV launches World Cup-themed marketing campaign for services, prepaid cards

Published 13 Jun 2018 17:15 CET | Germany
Freenet TV has launched a new TV advertisement campaign in tandem with the start of the 2018 World Cup focusing on its digital ...

Freenet adds new channels to Freenet TV Connect, VoD service to TV Portal

Published 23 May 2018 10:56 CET | Germany
Media Broadcast's HbbTV service freenet TV connect has added the stations Kabel Eins Doku, Health TV and Deluxe Music to its ...

Freenet grows revenue, subscriber base in 2017

Published 21 May 2018 13:59 CET | Ukraine
Ukrainian ISP Freenet has announced that its subscriber base grew by 11 percent year-on-year in 2017 to 135,000 at the end of the ...

Freenet launches on-demand Freenet Video

Published 17 May 2018 11:08 CET | Germany
Freenet has launched Freenet Video, a new flat-rate video-on-demand (VoD) streaming service providing access to over 1,000 films ...

Freenet EBITDA up 5.5% in Q1, confirms 2018 financial outlook

Published 04 May 2018 12:07 CET | Germany
German operator Freenet said its revenues fell to EUR 689.6 million in Q1 due to the switch to the IFRS 15 accounting standard. ...

Media Broadcast to activate new Freenet transmission sites 25 April

Published 23 Apr 2018 12:37 CET | Germany
Freenet TV's parent company Media Broadcast is preparing to activate transmissions for Freenet TV on the DVB-T2 transmission ...

Freenet extends CEO Vilanek's contract, adds new board members

Published 13 Apr 2018 11:06 CET | Germany
The supervisory board of Freenet has agreed to extend CEO Christoph Vilanek's contract by another five years until 31 December ...

Freenet TV begins satellite service

Published 28 Mar 2018 14:05 CET | Germany
Freenet TV is now available via satellite in Germany, enabling households who do not live in DVB-T2 reception areas to access ...

United Internet CEO calls for 4th mobile network in Germany

Published 26 Mar 2018 11:48 CET | Germany
United Internet CEO Ralph Dommermuth has called on German regulators to facilitate a fourth mobile network in Germany to create ...

Freenet TV introduces installation service

Published 01 Mar 2018 18:47 CET | Germany
German DVB-T2 service provider Freenet TV has introduced an installation service partnering with German technical support service ...

Freenet revenues climb 4.3% in 2017 due to mobile, TV growth

Published 01 Mar 2018 13:59 CET | Germany
German operator Freenet announced it saw record earnings in 2017, with the company able to meet or even exceed its targets ...

Freenet TV to launch satellite service in March

Published 23 Feb 2018 15:51 CET | Germany
Freenet TV's parent company Media Broadcast said that Freenet TV will be available to all satellite users in Germany for EUR 5.75 ...

Media Broadcast to expand Freenet TV coverage

Published 30 Jan 2018 10:58 CET | Germany
Freenet TV parent company Media Broadcast said it will expand the transmission network for Freenet TV on 25 April to include six ...

Media Broadcast completes sale of VHF infrastructure as part of shift to digital

Published 19 Dec 2017 11:17 CET | Germany
Germany's Media Broadcast announced it has found purchasers for all of its VHF antennas in a multi-step sale process. The company ...

Freenet bundles Samsung TV box with Disney voucher in Xmas offer

Published 27 Nov 2017 15:17 CET | Germany
Freenet TV, Samsung and Disney have teamed up to release a 'Freenet TV 3-in-1' package for the Christmas season containing a ...