Telenor Broadcast turns in solid results

Telenor-owned DTH operator Canal Digital lost 3,000 subscribers in the second quarter to end June with 934,000 customers, down from 952,000 year-on-year. However, revenues at Canal Digital grew by 1% from NOK1.109 billion (€141 million) to NOK1.119 billion for the quarter, thanks to higher ARPU.

Telenor Broadcast overall – including Telenor Satellite, conditional access provider Conax and infrastructure provider Norkring – also saw revenues grow by 1% to NOK1.667 billion.  Telenor Satellite saw a 1% fall in revenue thanks to the phasing out of the Thor 2 satellite, while Conax saw growth of 14% thanks to increased smartcard sales, although margin fell due to lower prices, resulting in flat EBITDA growth.

Overall Telenor Broadcast turned in operating profits of NOK392 million, up from NOK347 million.

On the fixed line side, Telenor Norway had 526,000 TV customers at the end of June, down 1,000 quarter-on-quarter. Telenor Sweden had 289,000 TV customers, also down 1,000 quarter-on-quarter.