Com Hem continues expansion

Com Hem added another 200,000 addressable households in the second quarter.
It brings the total to 600,000 since the start of its expansion programme that has seen the cablenet’s footprint expand by 30 per cent to 2.6 million addressable households.
Second quarter revenues grew by 38.1% to SEK 1,794 million. Operating profit rose by 16.0% to SEK 222 million.
Earlier this year, Com Hem increased its footprint expansion target by 200,000 households to 3 million households by 2020.
A new build project was also begun in selected areas earlier in the quarter. But given high competition in new fibre deployments a decision on whether to go ahead will not be made until later in the year.
A new share buyback program has been launched to the value of SEK 230 million. Repurchased shares will reduce Com Hem Holding’s share capital by shares being cancelled, after a sufficient number of shares have been saved to be used under Com Hem’s LTIP programs.