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* 2012 adjusted core profit 880 mln euros
* To increase 2012 dividend to 290 mln euros from 220 mln
BRUSSELS, Jan 24 Dutch cable operator Ziggo
on Thursday added 70 million euros to its dividend
for 2012 and forecast growing revenue and profit this year on
the back of extra marketing spending.
Ziggo, which provides cable TV, broadband and telephone
services, said it would pay out 290 million euros or 1.45 euros
per share for last year, up from the 220 million it had
announced in October.
It said it expected core profit to grow by 2.5 to 3.5
percent in 2013, with revenues increasing slightly ahead of this
Ziggo, which has about 3 million customers in the
Netherlands, said it would boost promotional spending in 2013
and spend more on new product lines.
The group, which initially teamed up with cable peer UPC at
last year's mobile frequency auction in the Netherlands, did not
acquire spectrum because it believed the prices were too high.
The group recorded a 5.5 percent rise in 2012 adjusted core
profit to 880 million euros ($1.17 billion).
Ziggo shares gained about a third over the course of 2012
after being floated in March.
($1 = 0.7530 euros)
(Reporting by Robert-Jan Bartunek; Editing by David Cowell)