Com Hem obtained 50,000 new customers and raised net sales by 14 per cent to SEK 869 million in Q2 2007

Monday, July 23rd, 2007
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  • Net sales rose by 14% to SEK 869 million (763)
  • EBITDA improved by 32% to SEK 401 million* (304)
  • The number of telephony customers rose by 21,000, the number of broadband customers by 16,000 and the number of digital TV customers by 13,000. The number of triple-play customers increased by 15,000 to 125,000
  • Investments in own networks amounted to SEK 173 million (129)

* Before non-recurring items

Important Events During Q2

  • 2 April. Com Hem’s new digital TV package with 10 channels and digital broadcasts of TV3 and TV6 was launched. With this, the final piece of the puzzle of the merger with UPC fell into place and the same digital TV package was able to be provided throughout Com Hem.
  • 19 April. Com Hem’s CEO Gunnar Asp was voted Telecom Leader of the Year 2006 by Nätverket för TelekomBranschen.
  • 25 April. Com Hem was voted winner in Expressen newspaper’s major test of support among Sweden’s ten biggest broadband suppliers. Com Hem was referred to as a company in “a class of its own” and was the only operator to be given five out of five.
  • 1 May. Com Hem cut the cost of 88 of its 130 optional channels. The cost was cut by 26 per cent from SEK 39 to SEK 29 per month.
  • 15 May. HDTV was launched for around 330,000 households in Stockholm for former UPC customers.
  • 28 May. The premier of the new TV4 HD channel was shown on Com Hem’s network.
  • 11 June. Com Hem announced that it had signed an agreement with Nokia Siemens Networks for the supply of an IMS platform (IP Multimedia Subsystem) – a new network architecture that among other things allows new telephony services and applications based on Internet Protocol (IP) and Session Initiation Protocol (SIP).
  • 7 June. The National Post and Telecom Agency published the “Swedish telecom market 2006” report. This report showed that the number of IP-based telephony subscribers had shot up 87 per cent since 2005 and that Com Hem, with its market share of 43.9 per cent, was Sweden’s leading supplier of IP telephony.
  • 14 June. Sports channel NASN (North American Sports Network) was launched as part of Com Hem’s digital TV range.
  • 27 June. ÖrebroBostäder AB, with 22,000 households, signed a new five-year contract with Com Hem for the supply of triple play; TV, broadband and telephony.

Net Growth Number of Customers

The number of broadband customers rose in Q2 2007 by 16,000 to 447,000, the number of digital TV customers by 13,000 to 356,000 and the number of telephony customers by 21,000 to 223,000. The number of triple-play customers continued to rise and by 30 June there were 125,000 customers subscribing for all three services: digital TV, broadband and telephony from Com Hem. This corresponds to an increase of 15,000 customers since the end of Q1 2007. The total number of customers rose by 45,000 to 1,140,000.