Reuters logo
Telenet sees similar growth in 2015, plans share buy-back
February 12, 2015 / 6:27 AM / 3 years ago

Telenet sees similar growth in 2015, plans share buy-back

BRUSSELS, Feb 12 (Reuters) - Belgian cable operator Telenet forecast similar revenue growth this year as in 2015 and said it planned to buy back shares worth up to 50 million euros ($56.6 million) in the next six months.

Core profit, adjusted for one offs, rose 3 percent in the fourth quarter to 212.6 million euros ($240.5 million), above the average 209 million expected in a Reuters poll of nine analysts.

Telenet, which uses the network of Mobistar to offer its mobile services, said it added 26,000 new post-paid mobile phone subscribers in the fourth quarter, a slowdown from the 47,700 new customers added in the third quarter.

The group said it expected revenue growth of 4-5 percent in 2015 with adjusted core profit growing between by about 4 percent.

In 2014 revenues grew 4 percent with core profit increasing by 7 percent. ($1 = 0.8839 euros) (Reporting by Robert-Jan Bartunek and Philip Blenkinsop)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below