Croatian cable on a roll
By Chris Dziadul
December 17, 2009 08.50 UK
The leading Croatian cable operator B.net has issued encouraging preliminary results for 2009.
They show that the company had revenues of HRK153.3 million (€21 million), which was 10.5% higher than planned and 33.9% more than in 2008. At the same time, its EBITDA margin doubled from 6% in 2008 to 12% in 2009.
B.net was formed by the merger of DCM and Adriatic Cable. Owned by the Austrian company Bewag, it currently claims just over 250,000 subscribers.