Belgacom TV adds 49k in January-March quarter

The Belgacom Group (Brussels: BELG) closed the first quarter of 2009 with reported revenue of 1,492 million or a year-over-year growth of 1.5%.

Continued investment in high-quality network supporting organic growth and innovation

The capacity provided by VDSL2 of up to 20 Mbps easily allows customers to watch two HD-TV channels and surf on the internet at the same time. The increased VDSL2 coverage allowed the Belgacom TV footprint to be expanded to 87%.

Belgacom is a challenger in a highly penetrated cable market and successfully continues to grow its TV customer base. By the end of March, Belgacom TV counted 555,000 subscribers, including 49,000 net adds in the first quarter.

Belgacom TV:

                   Q108 Q208 Q308 Q408 Q109
                   ---- ---- ---- ---- ----
Total               349  391  443  506  555
  Second Stream      37   42   54   65   70
Net adds             44   42   52   63   49

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