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General

Telenet revenues lift 1% but profit halves in Q1

Thursday 2 May 2019 | 09:38 CET | News
Telenet reported revenues for the first quarter up 1 percent from the year before to EUR 626.4 million, including a full quarter contribution from Nextel, acquired last year. The operator said the rise in the number of mobile subscribers and in volume for fixed-mobile bundles was able to offset lower interconnection revenues after the regulated reduction in fixed termination rates, as well as the switch from a major mobile wholesale partner, Medialaan, from a light to a full MVNO. Revenue from cable subscriptions increased 1 percent year-on-year due to the favorable impact of price

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Categories: General
Companies: Telenet
Countries: Belgium
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