BRUSSELS (Reuters) - Belgian cable operator Telenet said on Tuesday it had increased the number of mobile clients in the first quarter of the year, but added that tough competition resulted in slower growth of broadband and TV subscribers.
The company, in which U.S. group Liberty Global has a majority stake, kept its outlook for 2015 core profit expansion of about 4 percent, with revenues increasing 4 to 5 percent.
Core profit fell 1 percent in the first quarter to 235 million euros ($255.5 million), just below the 236 million expected in a Reuters poll of five analysts. The decline was the result of a 12.5 million euros one-off gain included in the figures last year.
(Reporting by Robert-Jan Bartunek; editing by Philip Blenkinsop)
How will Donald Trump’s first 100 days impact YOU? Subscribe, choose the community that you most identify with or want to learn more about and we’ll send you the news that matters most once a week throughout Trump’s first 100 days in office. Learn more