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General

Telecable revenues up 5.7% to EUR 35 mln in Q1

Wednesday 22 June 2016 | 09:32 CET | News
Spanish regional broadband operator Telecable reported revenues up 5.7 percent year-on-year to EUR 34.9 million in the first quarter of 2016. The operator was acquired last year by UK-based investment vehicle Zegona, which said the first quarter revenue growth was the highest in six years. Telecable's EBITDA increased by 3.7 percent to EUR 16.6 million, while cash flow grew 11.1 percent to EUR 8.8 million. Zegona added that the strong performance was underpinned by the recent consumer price rise of EUR 2 per month as well as progress in growing the operator's mobile and business divisions. It

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Categories: General
Companies: Telecable / Yoigo / Zegona
Countries: Spain
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