Αρχική iptv-news Netgem revenues fall by a quarter

Netgem revenues fall by a quarter

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Net revenues at Netgem have fallen by a quarter after a reduction in operator investment in its Box TV product.

The French connected home specialist reported full-year net revenues of €19.6 million, a fall of 23%, and EBITDA of €2.7 million, 59% down on the previous year.

Launched 15 years ago, Netgem has 9 million homes in over 20 countries connected through Box TV.

The company says it is responding to a demand by operators for multiple services over high-speed internet through a new venture with Caisse des Dépôts and Océinde to create Vitis, a multi-service and ultra-speed internet operator operating as Videofutur brand. Netgem believes the activities have high growth potential.



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