Telenet announces First Nine Months 2008 results
Monday, November 3rd, 2008MECHELEN — Telenet Group Holding NV (“Telenet” or the “Company”) (Euronext Brussels: TNET) announces its consolidated results under International Financial Reporting Standards as adopted by the European Union (“EU GAAP”) for the first nine months ended September 30, 2008.
Digital television – Subscriber base
As of September 30, 2008, we reported a total of 519,000 subscribers to our digital television service, representing a net increase of 128,000 subscribers for the first nine months of 2008. Compared to September 30, 2007, our digital TV base grew by 179,000, representing a remarkable 53% increase, and demonstrating increased success and market demand for our interactive digital TV product.
The strong progress in our subscriber additions were particularly driven by attractive set top box rental schemes introduced in March 2008. Our third quarter subscriber additions were primarily generated through rented set top boxes, and we witnessed an increasing customer preference for Personal Recording” and High Definition”enabled boxes.
In addition to digital TV, we have 20,000 subscribers to premium PayTV content received through an alternative platform on the Partner Network.
Premises serviced (in thousands):
As of and for the periods ended Sept 2008 Sept 2007 Change % --------- --------- -------- Homes passed - Telenet Network 1,933 1,914 1% Homes passed - Partner Network 829 822 1% Television Telenet Network Analog Cable TV 1,135 1,376 -17% Digital Cable TV (iDTV) 519 340 53% Total Cable TV 1,654 1,716 -4% Partner Network Analog Cable TV 20 25 -20% Combined Network Analog Cable TV 1,155 1,400 -18% Digital Cable TV (iDTV) 519 340 53% Total Cable TV 1,674 1,740 -4%
More: Earnings Release
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