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Netgem targets EBITDA growth from 2018

Monday 12 March 2018 | 16:32 CET | News
Netgem confirmed that by the end of the current year its transformation programme will be finalised, refocusing its business to a TV-as-a-service model. Moving away from a reliance on set-top-box and equipment sales, the company will start monetising the cloud infrastructure and content aggregation software developed on behalf of clients such as triple-play operators for the delivery of OTT services. This SaaS business model is expected to initiate a multi-year growth phase for EBITDA and net revenue (gross sales minus cost of hardware sold), said the company, adding that this growth ambition

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Categories: Internet
Companies: Netgem
Countries: France / World
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