UPC 3Q17 - Strong growth in CEE, competitive pressure in Switzerland persists
UPC, a pan-European cable operator owned by Liberty Global (LGI), reported sound 3Q17 preliminary results. The rebased figures showed that revenue increased by 2.6% to €649m. Competition in Switzerland remained intense, pressuring both the customer base (-2.3% yoy) and ARPU in fixed. However, revenue for the Swiss/Austrian segment (60% of total revenue) was up 1.1% on higher B2B growth and an increasing contribution from mobile. UPC is being quite disruptive by cancelling roaming costs in Europe. In Central and Eastern Europe, revenue was up 5% supported by good RGUs addition over the LTM period, partly offset by a small decline in ARPU per RGU.
Spread Research is France's first Rating Agency, registered by ESMA (European Securities and Markets Authority) and a leading European Independent Credit Research firm, founded in 2004 and based in Lyon, France. Our experienced team offer key research services using a wide range of investment strategies and research methodologies for the High Yield, Emerging Markets, Convertibles and Loan Markets.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.