TDC’s new emphasis on TV and home entertainment has paid dividends with the addition of 76,000 new residential TV and broadband customers during 2014, including 45,000 in Denmark.
The acquisition of Norwegian cablenet Get has also helped with the ambition to become Scandinavia’s leading provider of communications solutions and home entertainment. TDC Group’s combined share of the TV market in Denmark and Norway now totals almost 40%.
“We are satisfied with meeting our financial targets for 2014. This included high cash flow generation, continued opex savings, and a substantial increase in TV and broadband customers in the Danish consumer market,” says CEO Carsten Dilling, TDC Group.
TDC Group attracted 26k new customers in Denmark, while Get added an additional 3,000 TV customers and 6,000 broadband customers.
The TDC TV IPTV platform brought in 40,000 customers, even if spindown resulted in a fall in ARPU of DKK8 as customers moved to new, cheaper packages.
TDC/Fullrate brand TDC and Fullrate achieved revenue growth of 14.2% or DKK112m to DKK903m in 2014.
14,000 customers were lost from TDC’s Danish cable operations YouSee, evenly split between individual customers and housing associations. As of January 1, TDC lost 14,000 antenna association customers, though TDC refers to these as ‘low ARPU’.