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General

Telenet results under pressure from Base integration costs

Thursday 28 April 2016 | 10:00 CET | News
Belgian cable operator Telenet has updated its outlook following the takeover of mobile operator Base in February and now expects flat adjusted EBITDA this year. Telenet said it expects to invest more than originally projected in Base, at a total EUR 300 million, or EUR 60 million more than first forecast. Expected synergies from the merger will also be higher, at EUR 220 million per year by 2020, versus the initial estimate of EUR 150 million. The additional costs for integrating Base this year, as well as the impact of regulation opening up cable networks to competition and lower roaming

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Categories: General
Companies: Base / Telenet
Countries: Belgium
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