Belgian cable operator Telenet has reported preliminary full year results, saying revenues rose 8.2 percent from the year before, trumping the forecast 7-8 percent growth. Adjusted EBITDA lifted 7.5 percent, in line with the expected 7-8 percent. Capex reached 23.7 percent of sales. At the end of the year, Telenet had EUR 906.3 million in cash, up from 346.6 million the year earlier. Total debt increased to EUR 3.843 billion from 2.960 billion. Telenet plans to announce final full year results on 27 February. The earlier disclosure of certain business figures comes before the close on 11 January of the takeover bid put forth by Liberty Global (LGI). LGI has offered to buy outstanding Telenet shares at EUR 35 per share, a price deemed too low by the cable operator.
