Ziggo posts 2007 net loss

21 Aug 2008

Zesko Holdings (Ziggo), the Dutch cable conglomerate formed through the merger of Casema, @home and Multikabel, recorded a net loss of EUR264 million (USD389 million) in 2007, local newspaper The Volkskrant reported yesterday. Ziggo, owned by foreign private equity funds, attributed the loss in the main to high interest rates: almost 50% of its EUR1 billion gross income in 2007 went on servicing debt, The Volkskrant said. The cableco, which has 3.3 million subscribers, has total debt of almost EUR6 billion. Ziggo’s chief financial officer Walter Blom told the paper that the company was pleased with its full year results. Revenues increased by 15% compared with pro-rata turnover in 2006, he said, adding it was too soon to say when Ziggo would turn a profit.




Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues


Filter CommsUpdate by the following categories or use the search.


Visit our help page information on performing advanced searches, including how to restrict the results by country or company.


CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.