Com Hem stable in competitive Swedish market
November 12, 2012 11.29 Europe/London By Julian Clover
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.