Com Hem reported an increase in profits for the third quarter…

…despite the heavy competition in the Swedish market that continues to claim subscribers. Revenues for the period ending September 30, 2012 came in at SEK 1,133 million (€131.91 million), though the number of connected subscribers remained unchanged in the quarter at 1.75 million, arguably an achievement against competition from IPTV and OTT rivals.

Operating profit was SEK 167 million.

“In a very competitive market, we deliver a stable income which will enable us to continue to invest in products and services, including our new TV platform TiVo as we roll onto the market in 2013”, said Tomas Franzén, CEO, Com Hem.

TiVo is currently slated for launch in the second quarter of 2012.

During the third quarter work on the final phase of the Com Hem channel plan commenced. This involves a restructuring of the network to both minimize errors and create more space on the network.

By Julian Clover, Broadband TV News

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Tag Cloud

%d bloggers like this: