{
    "title": "First Nine Months 2014 Results",
    "modified_at": "2014-10-23 09:00:00",
    "published_at": "2014-10-23 09:00:00",
    "url": "https://press.telenet.be/first-nine-months-2014-results",
    "short_url": "http://prez.ly/Soy",
    "culture": "en",
    "language": "EN",
    "slug": "first-nine-months-2014-results",
    "body": "<ul class=\"hugin\" type=\"disc\"> <li class=\"hugin\"> <div class=\"hugin\" style=\"\"> <b class=\"hugin\">Continued traction for our leading triple-play bundles (\"Whop\" and \"Whoppa\"), resulting in more than 1 million triple-play subscribers at September 30, 2014 (+11% yoy);</b></div> </li> <li class=\"hugin\"> <div class=\"hugin\" style=\"\"> <b class=\"hugin\">Sustained focus on providing a great customer experience and continuous product enhancements drove annualized churn across all fixed services to their lowest level for a third quarter since 2009;</b></div> </li> <li class=\"hugin\"> <div class=\"hugin\" style=\"\"> <b class=\"hugin\">Full year outlook reconfirmed, having achieved revenue and Adjusted EBITDA growth of 4% and 8%.</b></div> </li> </ul> <p align=\"justify\" class=\"hugin\"><i class=\"hugin\"> </i><b class=\"hugin\"></b> Telenet Group Holding NV (\"Telenet\" or the \"Company\") (Euronext Brussels: TNET) announces its unaudited consolidated results under International Financial Reporting Standards as adopted by the European Union (\"EU IFRS\") for the nine months ended September 30, 2014.</p> <p align=\"justify\" class=\"hugin\"><b class=\"hugin\"> </b></p> <p align=\"justify\" class=\"hugin\"><b class=\"hugin\">HIGHLIGHTS</b></p> <p align=\"justify\" class=\"hugin\"> </p> <ul class=\"hugin\" type=\"disc\"> <li class=\"hugin\"> <div class=\"hugin\">Robust operational results in Q3 2014 with 83,400 net subscriber additions to our advanced fixed services of digital TV, broadband internet and fixed telephony, up 66% sequentially despite a competitive environment;</div> </li> <li class=\"hugin\"> <div class=\"hugin\">ARPU per customer relationship reached \u008050.0 in Q3 2014, up 5% yoy, driven by a higher share of both triple-play and digital TV subscribers in our overall mix, partly offset by a higher share of bundle discounts;</div> </li> <li class=\"hugin\"> <div class=\"hugin\">Further improvement in net mobile subscriber additions (+47,700 in Q3 2014) as a result of our improved product line-up, including \"King Supersize\", 4G access and targeted handset subsidies;</div> </li> <li class=\"hugin\"> <div class=\"hugin\">Revenue of \u00801,271.1 million for 9M 2014, up 4% yoy, impacted by substantially lower revenue from the sale of standalone handsets, lower analog carriage fees and lower usage-related revenue. Improving revenue growth to 5% yoy in Q3 2014, resulting in \u0080432.3 million of revenue;</div> </li> <li class=\"hugin\"> <div class=\"hugin\">Adjusted EBITDA<sup class=\"hugin\" style=\"vertical-align: text-top; font-size: 0.8em;\">(1)</sup> of \u0080687.4 million for 9M 2014, up 8% yoy, and including a nonrecurring \u008012.5 million benefit from the settlement of certain operational contingencies. Adjusted EBITDA of \u0080227.3 million in Q3 2014, up 4% yoy, reflecting higher network operating and service costs, including targeted handset subsidies;</div> </li> <li class=\"hugin\"> <div class=\"hugin\">Accrued capital expenditures<sup class=\"hugin\" style=\"vertical-align: text-top; font-size: 0.8em;\">(2)</sup> of \u0080260.0 million for 9M 2014, representing 20% of revenue. Excluding the renewal of the Belgian football broadcasting rights, accrued capital expenditures reached 18% of revenue;</div> </li> <li class=\"hugin\"> <div class=\"hugin\">Free Cash Flow<sup class=\"hugin\" style=\"vertical-align: text-top; font-size: 0.8em;\">(3)</sup> more than doubled to \u0080209.3 million for 9M 2014 as a result of solid Adjusted EBITDA growth, an improvement in our working capital and lower cash capital expenditures.</div> </li> </ul>",
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    "author": {
        "first_name": "Isabelle",
        "last_name": "Geeraerts"
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