Com Hem still ahead year-on-year despite tough quarter

Swedish cable operator Com Hem saw a slight quarter-on-quarter decline in digital TV, broadband and phone customers in the first three months of the year in what CEO Tomas Franzén described as a very competitive environment.

Com Hem lost 15,000 digital TV subs in the quarter to end with 643,600. Broadband subs fell by 400 to 550,100 and telephony customers fell by almost 7,000 to 369,500. Triple-play customers fell by 6,500 to 285,500.

Revenues for the first quarter were SEK1.136 billion (€126 million), up 2% year-on-year, while operating profit was up 6% to SEK532 million. Com Hem’s overall customer base grew slightly year-on-year by about 14,000 to 851,800.
Franzén said the company’s broadband and TV base was stable and maintaining market share.