Danish operator TDC, which delisted its shares in June after the buy-out by the DKT consortium of pension funds and a Macquarie fund, held revenue steady in the second quarter of 2018 and claimed a "turnaround" in EBITDA. These are its first quarterly results since the buy-out and the reorganisation of its domestic operations. It also announced the sale of Get and TDC Norway after the end of the quarter.
TDC said group revenue edged up by 0.1 percent in the second quarter to DKK 5.08 billion. Danish revenue grew by 1 percent to DKK 4.34 billion. Gross profit in Q2 was DKK 3.65 billion, down by 1.4 percent on a reported basis. EBITDA was DKK 2.02 billion, down by 1.4 percent on a reported basis but up by 0.6 percent on an organic basis, it said.
TDC said there was organic domestic mobility services gross profit growth of 7.9 percent following higher consumer mobile voice ARPU, as well as rising subscriber bases. Retail mobile gross profit was DKK 693 million and corporate mobile gross profit was DKK 269 million.
Over the course of the second quarter, the consumer mobile RGU base expanded by 2,000 and the business mobility base by 46,000. It reported nearly 1.91 million retail mobile voice RGUs and 804,000 business mobile voice RGUs. It had 414,000 Danish fixed line voice RGUs and 180,000 corporate landline voice RGUs on 30 June.
The company reported Danish consumer broadband ARPU at DKK 197 in the second quarter and business broadband ARPU at 275, with no comparison figures given. For mobile voice, it put consumer ARPU at DKK 120 and enterprise ARPU at DKK 98. Television ARPU was DKK 261. Consumer fixed line voice ARPU was 123 and corporate landline voice ARPU at DKK 320.
Turning to its Norwegian operations, since sold to Telia, TDC said revenue fell by 4.3 percent in Danish kroner to DKK 773 million. Gross profit was 4.8 percent lower at DKK 508 million and EBITDA dropped 11.9 percent to DKK 317 million. TV revenue in the second quarter declined by 11.7 percent in local currency to NOK 391 million but broadband revenue climbed by 4.6 percent to NOK 298 million.
Norwegian broadband ARPU improved by 5 percent in the second quarter to NOK 266 following price rises in March. TV ARPU declined because of competitive pressure, and stood at NOK 317. Television RGUs rose a little compared with Q1 to 429,000 amid stable gross residential additions, lower churn, and low levels of unbundling. TDC reported Norwegian broadband RGUs at 377,000 on 30 June.
