Ziggo advances in takeover talks with UPC




Ziggo advances in takeover talks with UPC

Ziggo still negotiating an acquisition by the parent company of UPC, Liberty Global. Moreover, there is progress in the talks, as does the cable company at the presentation of its financial figures for 2013.

Ziggo “The takeover talks show progress,” so writes Ziggo in a statement. How progress is organized in detail, do not get lost. Cabler “Further announcements will be made when relevant,” reads the statement. Ziggo stressed that there was no certainty that a takeover deal between Ziggo and UPC is reached.

The U.S. parent company of UPC, Liberty Global, issued in October that it has done on Ziggo a takeover bid. That offer was turned down, however, because Ziggo it did not high enough. Since then negotiate the two cable companies about a new bid. Together Ziggo and UPC would form a megakabelaar with coverage in most of the Netherlands, with the exception of Zeeland.

The financial figures also show that Ziggo Mobile, the virtual provider of cable company which started in September, now has 33,000 customers. According Ziggo is the MVNO, slightly ahead of schedule. Additionally Ziggo got from a year earlier to 122,000 customers reduce the Internet, which the provider now has 1.9 million Internet customers. The number of all-in-one customers rose to 1.5 million, compared with a year earlier. Meanwhile, 56.2 percent of Ziggo customers an all-in-one package.

The number of digital TV customers increased compared with a year earlier but down: that there are now 872,000, compared with 929,000 a year earlier, a decrease of 6.2 percent. The number of customers with an analog TV signal increased much more sharply, from 637,000 to 505,000, a decrease of 20.7 percent. However, this is a movement that occurs with all cable companies, because more and more people get their analogue TV signal from the door do.

Ziggo total achieved in 2013 a turnover of 1.6 billion euros, about the same as a year earlier. Earnings before deductions such as taxation, interest and depreciation on loans and assets, the so-called EBITDA, rose from 840.8 million to 886.8 million, an increase of 5.5 percent.

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