Unitymedia posts 10% rise in Q4, FY revenue

German cableco Unitymedia, a subsidiary of US company Liberty Global, has reported revenue of EUR267.5 million (USD354 million) for the fourth quarter of 2011, an increase of 10% year-on-year, while full year 2011 turnover also rose 10% to EUR1.025 billion. The company said that growth was primarily due to increased revenue from its advanced services, particularly the accelerated take-up of its ‘Unity3play’ triple-play product bundles. This – alongside lower bad debt and network-related costs – helped to boost adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) by 17% year-on-year in Q4 2011 to EUR158.5 million and by 18% in FY 2011 to EUR613.2 million

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OVETEL Unitymedia posts 10% rise in Q4, FY revenue