0
Broadband

Tele Columbus meets expectations in Q4, forecasts stable results 2021

Friday 26 March 2021 | 08:58 CET | News
German cable operator Tele Columbus said that its financial results achieved in Q4 2020 met expectations. Its revenues declined by 1 percent year-on-year to EUR 121.5 million, while EBITDA grew by 4.4 percent over the same period to EUR 61.8 million. Capex remained substantially flat at EUR 54 million. The net result was a loss of EUR 153.0 million, primarily from a non-cash impairment of TV goodwill, which amounted to EUR 149.9 million. Adjusted for the impairment, the net loss was EUR 3.1 million, compared to a positive EUR 4.3 million in the fourth quarter of 2019.

Thank you for visiting Telecompaper

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?



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: Fixed
Companies: Tele Columbus
Countries: Germany
::: add a comment

Add comment

Please login or register to leave a 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

Tele Columbus grows revenues but sees reported EBITDA drop in Q1

Published 27 May 2021 09:44 CET | Germany
German cable operator Tele Columbus said its revenues rose by 3.4 percent year-on-year in Q1 2021 to EUR 118.9 million, mainly ...

Tele Columbus lifts revenues on fewer subscribers in Q3, confirms FY outlook

Published 13 Nov 2020 09:39 CET | Germany
German cable operator Tele Columbus said revenues increased by 1.0 percent year-on-year in Q3 2020 to EUR 117 million. This was ...

Tele Columbus mulls strategic options to improve financing

Published 19 Aug 2020 10:41 CET | Germany
German cable operator Tele Columbus is considering strategic options, including a break-up or asset disposals, to improve its ...

Tele Columbus gets through pandemic with EBITDA growth, cost reductions in Q2

Published 18 Aug 2020 09:12 CET | Germany
German cable operator Tele Columbus said its core revenues fell 1 percent year-on-year in Q2 to EUR 116.4 million. The company ...

Tele Columbus reports stable revenues, EBITDA in Q1, confirms forecasts for 2020

Published 20 May 2020 09:25 CET | Germany
German cable operator Tele Columbus said that its revenues in the first quarter of 2020 were stable at EUR 115.0 million compared ...