​German cable operator, Unitymedia reported strong preliminary results which were in line with our expectations. Revenue was up 4.8% to €568m while EBITDA grew by 7.2% to €366m.
UnityMedia provides higher internet speed than its main competitor –Deutsche Telecom. We believe that it can leverage on that to increase pricing with limited churn. Indeed, in spite of the price increases implemented on a significant part of its footprint in 1Q16, the customer base remained broadly stable...
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