DGAP-News: freenet Group announces customer growth and increase in earnings in first half of 2020, confirms dividend policy
As expected, the number of revenue-generating users of freenet TV fell slightly to the current figure of 1.005 million customers.
- As expected, the number of revenue-generating users of freenet TV fell slightly to the current figure of 1.005 million customers.
- This development was due to disconnected satellite customers and a slight increase in churn caused by the price increase applicable since 1 May 2020.
- Churn is expected to increase again in the second half of the year as the price increase will only become apparent to many voucher customers at that point.
- Overall, however, the customer reaction to date shows that the price increase is having a positive effect on the bottom line.