Sunrise increases TV customers by 20%

Swiss service provider Sunrise reported a 20.4% year-on-year increase in TV customers at the end of the second quarter.

Reporting its Q2 results, the operator said it added 24,200 TV subscribers year-on-year, taking its total to 147,200 customers.

“The solid TV customer growth reflects the advantages of Sunrise Home over other providers. Sunrise Home customers can put together their own packages consisting of landline service, internet and Sunrise Smart TV,” said the company.

Sunrise also grew its internet customer base by 7.3% year-on-year to 357,500, and said that its internet and TV base “developed favourably” due to attractive tariffs and the competitive Sunrise Smart TV product.

Despite this, the company reported revenues of CHF472 million (€434 million), down 3.2% year-on-year, while Net income came in at CHF 10 million, down from CHF 14 million a year earlier.

“While having joined Sunrise only in the mid- of the reported quarter, I am pleased to see that the revenue decrease halved compared to Q1,” said Sunrise CEO, Olaf Swantee.

“As a solid basis for a strong market position, the company invested in an improved network, customer service and in innovative convergent products for residential and business customers.

“Nevertheless there is more to be done in these respective areas and I look forward to further strengthen our position as the leading challenger”.