MECHELEN, Belgium Oct 18 Belgian cable and
telecoms operator Telenet posted better-than-expected
third-quarter results on Thursday, thanks to more customers
signing up for combined service packs and a surge in demand for
its mobile offering.
In the third quarter, Telenet said that 22,800 customers
took up three of the group's services - TV, broadband and fixed
telephony, known as triple-play offers.
The company, the subject of a $2.6 billion buyout offer by
majority shareholder Liberty Global, said 39 percent
of its overall customer base had now become triple-play
subscribers up from 35 percent a year ago.
The group, which provides its services in the north of
Belgium and in parts of Brussels, said 65,500 new customers had
made the switch to the new mobile offering it launched in
August, a record.
Telenet repeated its 2012 outlook for revenue and core
profit growth of 7-8 percent, which it had upgraded earlier this
year from 5-6 percent.
Liberty Global offered 35 euros per Telenet share, though
the stock has recently risen above the bid price, indicating
market participants expect a sweetened offer.
Telenet did not comment on the offer on Thursday
Overall, adjusted core profit (EBITDA) rose about 8 percent
in the third quarter to 202.2 million euros ($265.3 million),
just above the 197 million euros expected in a Reuters consensus
of eight analysts.