Telenet Group Holding NV is a provider of media and communication services to the public and private sectors in Belgium. Its focus is on television, Internet and telephony. The Company’s products comprise cable television in analog and digital formats, broadband Internet, as well as fixed and mobile telephony services, primarily to residential subscribers. Telenet is in a partnership with Interkabel, a series of cable networks across Flanders that includes the Antwerp city network Integan, and other networks such as WVEM, PBE. In October 2008 Telenet acquired Interkabel’s cable network assets and customer base. In addition, the Company provides its products and services to various corporations, government organizations, healthcare and educational institutions, as well as small and medium-sized enterprises. Telenet Group Holding NV has a number of subsidiaries, including Telenet Communications NV, Telenet Bidco NV, Telenet NV, Telenet Solutions Luxembourg SA and Hostbasket NV.
Quick Financial Synopsis
BRIEF: For the nine months ended 30 September 2009, Telenet Group Holding NV's revenue increased 19% to EUR881.9M. Net income for the period increase from EUR31.8 to EUR72.7M. Revenue reflects an increase in demand for the Company's products and services in all business segments as well as favorable markets conditions. Net income for the period from an increase in both gross and operating margins as well as an increase in financial income.