Continued TV net adds in TDC brand (5k) and successful Fullrate TV relaunch (4k) compensated for the loss of YouSee customers in the organized market (-10k in Q4)
COPENHAGEN, Denmark — TDC has today published financial statements for the fourth quarter of 2013.
Revenue from TV increased by DKK 202m or 5.1% to DKK 4,139m in 2013 thereby continuing the growth from previous years.
The TDC and Fullrate brands increased their revenue by DKK 130m or 19.7% in 2013, driven by significant subscriber growth (28k) resulting from the popular bundled HomeTrio solution and strong intake in Fullrate following the successful TV relaunch. The DKK 11 rise in ARPU was driven mainly by increased prices in the TDC brand.
YouSee’s revenue, which rose by DKK 55m or 1.7% compared with 2012, was positively affected by increased subscription fees on TV packages fuelling an ARPU increase of DKK 8. However, YouSee experienced a YoY decline of 26k RGUs in the customer base. The decrease was caused mainly by structured attacks on YouSee’s organised customer base, leading to loss of organised customers. The acquisition of ComX partly counterbalanced the negative development in subscribers in 2013 (11k RGUs). In Q4, YouSee entered into a contract with a large antenna association (15k RGUs) with effect from Q1 2014.
TV Subscribers (’000)
Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13
----- ----- ----- ----- ----- ----- ----- -----
Residential RGUs* 1,365 1,375 1,373 1,383 1,374 1,374 1,373 1,384
TDC/Fullrate brand 170 179 184 190 198 204 209 218
YouSee brand 1,195 1,195 1,189 1,192 1,176 1,170 1,164 1,166
Residential VOD 1,764 1,596 1,998 3,533 4,304 3,558 4,182 4,495
Wholesale 5 5 6 6 7 8 8 9
* Q4 2013 influenced by acquisition of ComX (11K RGU)
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