{
    "title": "First Nine Months 2015 Results",
    "modified_at": "2015-10-29 08:00:00",
    "published_at": "2015-10-29 08:00:00",
    "url": "https://press.telenet.be/first-nine-months-2015-results",
    "short_url": "http://prez.ly/4my",
    "culture": "en",
    "language": "EN",
    "slug": "first-nine-months-2015-results",
    "body": "<ul class=\"hugin\"> <li class=\"hugin\"><b class=\"hugin\">Continued focus on providing a great customer experience, including our \"Helemaal Mee Tournee\", and targeted promotions drove a 43% qoq increase in net additions to our advanced fixed services;</b></li> <li class=\"hugin\"><b class=\"hugin\">Solid operational results translated into a robust financial performance with revenue up 6% yoy to \u00801,349.7 million and Adjusted EBITDA growing 5% yoy to \u0080724.2 million;</b></li> <li class=\"hugin\"><b class=\"hugin\">Full year 2015 outlook reaffirmed.</b></li> </ul> <div class=\"hugin\"><i class=\"hugin\">The enclosed information constitutes regulated information as defined in the Royal Decree of 14 November 2007 </i><i class=\"hugin\">regarding the duties of issuers of financial instruments which have been admitted for trading on a regulated market.</i><b class=\"hugin\"> </b></div> <p align=\"justify\" class=\"hugin\"><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, 2015.</p> <p align=\"justify\" class=\"hugin\"><b class=\"hugin\">HIGHLIGHTS</b></p> <ul class=\"hugin\" type=\"disc\"> <li class=\"hugin\"> <div class=\"hugin\">Q3 2015 net subscriber growth for advanced fixed services of enhanced video, broadband internet and fixed-line telephony up 43% qoq, driven by attractive promotions and family-centric marketing campaigns;</div> </li> <li class=\"hugin\"> <div class=\"hugin\">Mobile postpaid subscribers +13% yoy to 977,200 at September 30, 2015 with 23,500 net subscribers added in Q3. BASE Company acquisition pending regulatory approval, expected to close at the end of March 2016;</div> </li> <li class=\"hugin\"> <div class=\"hugin\">Revenue<sup class=\"hugin\" style=\"vertical-align: text-top; font-size: 0.8em;\">(1)</sup> of \u00801,349.7 million, +6% yoy, driven by higher revenue from our advanced fixed services and a growing contribution from our mobile and B2B businesses. Q3 2015 revenue of \u0080457.6 million, +6% yoy, and reflecting the benefit from our recently introduced handset financing program;</div> </li> <li class=\"hugin\"> <div class=\"hugin\">Adjusted EBITDA<sup class=\"hugin\" style=\"vertical-align: text-top; font-size: 0.8em;\">(2)</sup> +5% yoy to \u0080724.2 million, reflecting a nonrecurring \u00807.6 million benefit in Q2 2015 due to the settlement of certain operational contingencies. Q3 2015 Adjusted EBITDA of \u0080242.8 million, +7% yoy, driven by continued focus on operational excellence, lower handset subsidies due to timing variances in our campaigns and the introduction of our handset financing and \"Choose Your Device\" programs;</div> </li> <li class=\"hugin\"> <div class=\"hugin\">Accrued capital expenditures<sup class=\"hugin\" style=\"vertical-align: text-top; font-size: 0.8em;\">(3)</sup> of \u0080248.6 million, or around 18% of our revenue. Excluding the recognition of the Belgian football broadcasting rights, they represented around 16% of our revenue, with lower spending on set-top boxes and customer installations partly offset by higher network-related investments;</div> </li> <li class=\"hugin\"> <div class=\"hugin\">Free Cash Flow<sup class=\"hugin\" style=\"vertical-align: text-top; font-size: 0.8em;\">(4)</sup> of \u0080225.2 million, +7% yoy, driven by solid Adjusted EBITDA growth, lower cash interest expenses and an improved trend in our working capital. Q3 2015 Free Cash Flow of \u008080.1 million, +36% yoy.</div> </li> </ul> <div class=\"hugin\"><b class=\"hugin\"><br class=\"hugin\" /></b></div>",
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    "author": {
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        "last_name": "Geeraerts"
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