Kabel Deutschland revenues up; EBITDA down

German cable provider Kabel Deutschland (KDG) has reported its results for the six months to September 2006. Compared to the same period last year, revenue is up 7.8% to EUR539.9 million (USD711.4 million), while EBITDA was EUR185.6 million, down 13.8%, due to the start-up costs of a network upgrade for internet and telephony, and subscriber acquisition costs. KDG, which enjoyed just under 1% of Germany’s broadband market at the end of June 2006, had 212,000 broadband subscribers at the end of September 2006, of which 95,000 used telephony services too. Around 70% of all KDG’s new subscribers take a bundled product.